At some point it starts to make sense to start positioning for the US$6-8m in EBITDA for next year. At current exchange rates that is AU$9-12m.
I'm maybe too soon but didn't want to miss it as if I look at where the stock has traded before when they printed similar numbers and it was a lot higher.
In FY17 ADA reported $9m of EBITDA and the stock ranged between $2-3.
This maybe gives a guide of what is possible if they can hit their numbers.
Ann: Appendix 4D and Half Year Report for period ended 31 Dec 23, page-11
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