I would be shocked (but over the moon) if we posted a $5M profit in FY18.
Before the change to CY reporting I was expecting a loss in FY18 (going profitable in H2, but H1 losses exceeding H2 profits for an overall small loss).
With the extra 6 months till we reach the new FY18 end, I think a profit in the $1M - $3M range is entirely possible.
Given that in order to achieve this result we would need to increase EBIT by ~$15M from a base of a ~$12M loss, I think the market will be willing to pay up. That is some exceptional growth. PER of 30 will be way undergoing it in my opinion.
Adapt growth accelerates, page-51
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