Firstly, congrats on INT getting the $6M revenue number for the year (it appears to be by the skin of their teeth though). But before the high fives come out.... A few points to the negative.
No mention of the $15M FY11 budget number? Are management backtacking on this?
$295K quoted is EBITDA... to quote this as "profit" is a bit of a stretch. Sounds like they are not profitable at all. Remember it is earning BEFORE Interest, Tax, Depreciation etc. I'm betting the REAL profit number is still negative (hence no mention of it).
Anyone notice the difference between the $6M revenue and the yearly cash of $4.8M. Looks like they are owed $1.2M. Hopefully not some forward padding of invoices to scrap in the $6M revenue number. Lets hope there is no "bad debt" provision in the future.
Anyway, all the best INT holder, there still is a way to go. Just remember there are two sides to a coin.
50% increase in revenue, page-4
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