Not if one analyses things properly, by looking at - inter alia - the composition of the previous year's result, notably the NRIs [*] that influenced that result in a very significant way.
More like the very opposite of "Ouch!"
[*] I consider Jobkeeper support ($3.9m), Forex loss ($0.7m) and reversal of receivables impairment ($0.3m) to be non-recurring items.
Caveat:
Of course, the devil is always in the detail, so one can only form a definitive view of things once the full set of financial accounts are made public. For example, given what the A$ has done over the course of SDI's latest invoicing cycle, it would not come as a surprise if the JH2022 result is assisted by a forex gain, which would - presumably - have been factored in to the updated guidance provided today.
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SDI Price at posting:
80.0¢ Sentiment: None Disclosure: Held
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