Ann: Record Quarterly Sales in US Oil and Gas, page-4

  1. 63 Posts.
    lightbulb Created with Sketch. 4
    Assume there is supposed to be a fairly important comma after ~A$4m?

    "Q2FY21revenue from the oil and gas sector is now forecast to be ~A$4m materially ahead of the previous quarter"

    Reads as if Q2 will be $4m ahead of Q1 and would suggest $7m quarterly revenue, when they are actually saying $1m ahead:

    "HFT is on track to deliver ~A$4m of revenue for Q2FY21 (A$1m in Q4FY20 and A$3m for Q1FY2021)"

    Growth looks to be slowing compared to the previous 730% qtr on qtr growth, although that is a bit of an outlier due to restarts post covid lows.

    On a side note, the timing of the announcement seems like it was pushed out to slow the bleed in the SP?

 
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