The order intake amount includes the Sydney train contract (realised over 5 yrs) and UGL (realised over 2 years) plus its not clear how spread out the other detect contracts are for
Yes good to see improvement, but you only need to look at that graph (and also booked revenues) across the various sectors in their business to realise that there is little consistency apart from GJD which started at ~6m per year and has remained at that level (so no growth, little bottom line contribution)
Given the lag time to deliver on the larger contracts, it seems appropriate that they should have taken orders closed to 15-20m to get to the stated 36m revenue range (no word on margins, but certainly not shaping up to guidance either).
As for not meeting guidance.....watch this crash in August if they are only get to 30m........mgmt showing poor judgment to put out large projections and then slow walking the sales & execution.....this is not worth 40m MC if it delivers zero profits, ebitda or cashflow
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