With all new products to be released and new partnerships to start bearing fruit it is not unreasonable to forecast $12M revenue for FY2023 (Q1 numbers support this). FY2022 operating expenses excluding IPO and non-recurring costs were circa $8 million and $2 million was capitalized for leases and further product development. At 80% gross margin (assuming further decline from last reported 82% figure due to higher cost of wagering technology product) we are operationally cashflow positive by the end of the year and might even be fully CF+ if opex and capex don't grow. Cash burn rate is about $1 million per quarter.
By the end of FY2023 we will have a company which:
- is operationally cashflow positive
- has tight share register with insiders owning more than a half of the company
- is growing revenue at 50%
- has $7 million in cash
- is set to benefit from "rising tide lifts all boats" industry situation
All of this is available to you for modest $21 million today.
Ann: Investor Webinar Presentation, page-3
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Last
$1.43 |
Change
0.005(0.35%) |
Mkt cap ! $66.45M | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.43 | $1.42 | $14.41K | 10.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8028 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 21615 | 2 |
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| RTH (ASX) Chart |