Ann: Appendix 4E - Preliminary Financial Report , page-5

re: Ann: Appendix 4E - Preliminary Financial ... Here`s my 2 cents worth....
Reading through recent announcements and making a few assumptions i`d say our revenue for 1H FY11 could be as high as $4.8 million! i.e far exceeding any annual result.

The update of the 30/4 had the following quote "Due to circumstances beyond MIKOHs control on the client side, the final commissioning of a small number of
material printer orders currently in hand have been postponed until after 30 June 2010. As a result, MIKOH will only be able to recognise approximately $900,000 of revenue not relating to Thailand EVR this financial year (previous
guidance of $2.4 million). Approximately $1.5 million of expected purchase orders remain in MIKOHs forward order
book and will be brought to account during 1H FY11." i.e $1.5 mill of revenue. An announcement was made on the 15/6 of a printer order of $530 000. Was this an additional order to those in hand of the 30/4 to be recognised as revenue in 1H FY11? Lets assume so.
The Thai EVR orders so far total US3.05 Mil with US$452 770 received as of early August. If we assume the all three contracts announced so far are delivered pre 31/12 the we are expecting further revenue of appprox. AUS$2.9 mil @ an exchange rate of 90 cents.

I.e. potential revenue for 1H FY11 of approx. S4.9 mil.

Comments?