The days are probably gone where stock prices are tied to Revenue growth. Even with high growth companies.
As posted elsewhere here's Bell Potters forecast on earnings;
2024 - $18.8m
2025 - $26.2m
2026 - $32m
There are definitely risks involved with this companies future growth. Potential Competition, Lack of transparency due to the nature on sensitive contracts, constant need for R&D. The company has a fairly ordinary track record with promising future pipeline. Directors also sold shares under 30c in the past year.
My thoughts are these risks can't justify a PE above 20. Market cap of 400 Million and SP of 68 cents for June 2024.
Ann: Appendix 4E and Annual Report, page-38
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