Quarterly growth rate is about 16.3% ($12.1m/$10.4m) - Q4 FY15 was $10.4m, Q1 FY16 was $12.1m.
If I assumed $400k of that $12.1m came from Vizmond's contribution, then Q1 revenue reduced to $11.7m, that is still a healthy growth rate of 12.5%.
Assuming MBE can grow at 10% quarterly for the next 3 quarters, revenue should be:
Q1: $12.1m
Q2: $12.9m ($11.7 * 110%)
Q3: $14.1m
Q4: $15.6m
plus $2m from Vizmond
plus $6m Marketing Punch (9 out of 12 months operation).
Total rev = $62.7m (the sum of all the above figures).
Look like MBE will have a cracker year at topline.
If EBITDA is 20%, the dollar figure is $12.54m.
MBE Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
