Ann: ANO Investor Presentation Update, page-45

Nothing wrong with conservative estimates unless they cause you to misallocate your capital. It looks like we will hit your FY 2020 target in FY 2019. H1 alone was 5m and we know that they are running at full capacity after the new capacity came online in January. To do over 1m in net profit in less than two months, monthly revenue would have to be at least, what, 1.5m? Multiply that by 6, then take into account the new capacity in May, the fact that the 1m net profit was announced halfway through February, and rumblings about a huge increase in orders from a customer that might be Merck (does the 750MT capacity include Alusion or is this entirely separate?)

As for 2020 and 2021, consider the fact that the company is already planning for 1500MT to not be enough by November 2019. Thats pushing 40m revenues, then the chemical bans start to take effect in 2021 and Im sure more will be announced by then...