Ann: ALO 1H FY23 Management Presentation, page-3

Guidance is 6.4-8.2m for the whole year. So if first half was 2m, the 2nd half predicting 4.4-6.2m.

I think that's lofty by a huge margin, even with 40/60 seasonality. That suggests about $3m max for second half, way under the tracking rate from the first half.

They're initiating cost cutting programs (obviously needed due to having near double revenue for same EBITDA), yet they expect even better performance in the 2nd half.

This smells lousy