Ann: Appendix 4C Quarterly Cashflow and commentary, page-48

Does anyone know if there are any recent broker reports ?

Previously I believe Little Hedge forecast: annual revenue to increase to $10m in FY18 and
State One forecast: Revenue FY18 $28m (Ohm 1500), FY19 $57.8m (Ohm 3500), FY20 $112.4m (Ohm 7000), NPAT  FY18 $10.8m, FY19 $25.3m, FY20 $54m.

In my opinion, State One appear to be too early with their revenue ramp up, maybe 12 months too early. Also in my opinion the Little Hedge forecast seems too high for FY18.


It is difficult to forecast but I am forecasting revenue of $5m for FY18 and a loss of $8m.

For FY19 I think somewhere between State One's FY18 and FY19 forecasts seems reasonable at present (ie revenue $28m - $57.8m and NPAT $10.8m - $25.3m).