A simple back of the envelope calculation says that based on a gross margin of $350k for the 6 months, they'd need approx. 20x the current sales level to break even. 6 month sales were a bit over $1m so they'd need about $20m for breakeven. I appreciate that's a very simplistic calculation but yes the current progress suggests more capital will need to be raised before this is commercially viable. That's a concern at this point. So we may get diluted some more before this reaches the right scale but after that you'd think the company might do very well.
OSP Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
