Agreed. The annoucement said "eight figure WFH agreement, 2 years of development and 1 year of post launche maintenance". So that's minimum $10m in revenue. Depending on how the revenue is recorded, it could add min $3m per year (3y horizon) or $5m per year (2y horizon) to the revenue line. Given PLY made $11m in revenue in FY21, this is massive growth. Sure the share price will be diluted after the raise but at between 27% ($3m/$11m) to 45% ($5m/$11m) revenue growth rate, I can't see the share price not going up. And that is 1 contract alone.
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Open | High | Low | Value | Volume |
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2 | 9500 | 0.575 |
4 | 41478 | 0.570 |
2 | 17322 | 0.565 |
3 | 44000 | 0.560 |
Price($) | Vol. | No. |
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0.590 | 14702 | 1 |
0.595 | 20000 | 1 |
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