1H15 report, page-16

I sincerely don't think it's your number or size of contracts that's your problem here, the problem is staring you right in the face, this last result the company has average a NPAT margin of 1%!!! SO how much more revenue would they need to receive to justify the current lofty valuations at 40 cents? Well to get to a more reasonable valuation of 15 to 20 times earnings they'd need to generate a profit of abut $3-3.5 million and at 1% NPAT margin that's an extra $350 million in revenue!! Now I know that the market is always forward centric and especially with technology type stocks allows for larger than normal growth but when do you actually think that NTC will generate that much revenue? If I was being honest id say NEVER, and that's just to justify the 40 cents over the long term........... let alone anything higher!