Ann: June 24 Results Investor Presentation, page-16

fair enough - I misread your post, but nonetheless, their customers have record backlogs, but Matrix have not received firm orders on the back of that?

these businesses operate on some long supply chains, so it's not easy to turn on a dime & start delivering on the end product.......maybe mgmt are confident, but they could have presented a much stronger case with confirmed orders and/or a 1H25 or even FY25 forecast if they were confident of landing these orders.

As I said, 1st profit since 2015........I'll take hard numbers over any CEO talking up their business