The profit will come from the scale so putting $100M rev target is a great carrot to dangle. As their variable cost ratio to revenue is estimated to stay the same at 34% at that $100m rev figure. But their fixed costs currently eat up 89% of the profit margin..... if they hit $100m the fixed cost ratio comes right back to a 33% margin (which even then feels a little bit high). There is a long way to go but the foundations are now in place for growth to take off...... this next 6 months will confirm if their strategy is bearing fruit.
The profit will come from the scale so putting $100M rev target...
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Last
8.1¢ |
Change
-0.008(8.99%) |
Mkt cap ! $22.28M | |||
| Open | High | Low | Value | Volume |
| 8.7¢ | 8.7¢ | 8.1¢ | $12.98K | 152.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14615 | 8.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 8.5¢ | 52015 | 1 |
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| Last trade - 12.55pm 03/05/2024 (20 minute delay) ? |
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Last
8.0¢ |
Change
-0.008 ( 8.05 %) |
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| Open | High | Low | Volume | ||
| 8.1¢ | 8.1¢ | 8.0¢ | 18852 | ||
| Last updated 12.55pm 03/05/2024 ? | |||||
| QFE (ASX) Chart |