Alcidion is a high Gross Margin business (80 + %). In fact, if you go to the Full Year FY22 Results, the Gross Margin came in at 85.8 %.
During the Webinar , Matthew, the CFO signalled that Operating Expenses would be more stable going foward. He mentioned approx. AUD 10.5 m per QTR.
Therefore at 85% Gross Margin, Alcidion need to post Annual Revenue of AUD 50 m to be EBITDA neutral. Seems a massive ask, buts lets re-visit when they release the HY financials.
Rokewa
ALC Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
