raju, as you've previously said you trade the stock, sounds like you are now looking to buy?
$19million cash in the bank, each month another $2 million + will be added, now increasing revenue at 20%+ quarter on quarter, profitable now and profits will increase strongly from now on.
As for your comment:-
"hiring more staff and opening up offices is not cheap"
That's already reflected in the accounts to date, it's all done.They have advised that sales staff increases recently added around $1 million to expenses but have also advised that expenses have now plateaud.
Health care is one of the least affected areas during recessionary times, and especially with TB epidemics threatening Europe and parts of the US, plus the aging problem in Japan, it is doubtful if we will see much effect on revenues.
Add to that a 30% boost in revenue due to the lower AUD and I'd say the future looks very rosy indeed.
All the same all the best with buying for a trade, hope it works for you.
regards, EB
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