AVR 0.00% $14.00 anteris technologies ltd

So they reported $22M sales with gross profit of $11M last year...

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    So they reported $22M sales with gross profit of $11M last year which is 50% return compared to $14M sales with gross profit of $5M in 2016 which is a 35% return.

    From the 4c, it looks like they are on track for $30M sales in 2018, if they can get a 60% (last 4c show 54% return) due to further/continual improve cost saving that they started in 2017 it will be a gross profit of $18M.

    So AHZ could have made only a loss of $5M for 2018 compared to $12M last year, provided the cost to generate these sales increase weren't significant and their expense continue on the decrease trend but from the last 4c's staff cost for 2018 will be $24M compared to only $14M?! in 2017 what the hell happened here?!

    I can't see their R&D tax refund that significant given they only spent $1.7M in previous year compared to $5M in 2016 (they got $3.2M R&D tax refund), it will likely be only $1M in 2018.

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