Agreed, bloody good effort for any $4.5m company to be CFP. Having never lost a major contract the slightly lower revenue is likely more so billing cycle related than anything and as long as they keep winning new business they have a clear pathway to expanding profits.
They won new business (4 contracts) last quarter and expanded the alarm and CCTV side. The tender with the international hotel chain will be one to watch.
As we know it's a sector with thin margins so the company need to focus on fixed costs and scale. Admin was down for the Q and Victorian expansion underway showing that both costs and scale are being addressed. Not a bad quarter at all however unlikely to be the one that drives it past 5c. IMO 6-8m MC is about right given the current state of play, nail next Q with revenue included from the recent wins, a CCTV contract win and/or Vic expansion and the goal posts shift. Who knows though, the market may be happy to price these in earlier.
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