Forecasts and Revisionist RubbishWhen i looked to do some basic...

Forecasts and Revisionist Rubbish

When i looked to do some basic forecasts, or more accurately extrapolations, I noticed that I had referred to $9m of cash costs last year. Not sure where I got that from (apologies to the ghost). Its more like $7.3m, before listing costs. (I think I'd used the $7m figure earlier). There's also $385m of D&A in that FY23 number, so I will switch to calling my numbers EBIT. EBIT is probably a pretty good proxy for cash flow with capex being around that D&A level (FY23 capex was $200k). Like many of these tech companies, they tend to expense most of development costs. Anyway, half year costs were still with $4.5m, without details given, so total costs somewhere between $7m and $9m. I will stick with $9m for FY24 forecast.

Anyway, table below assumes continue to add $750k net ARR per month. Hopefully in real life, something more exciting happens with new product developments.

	YE March		FY23	FY24	FY25	FY26
1	$(000's)		Actual	Forecast
2	Revenue		1,431	4,609	11,438	20,437
3	COGS		730	1,273	2,859	5,109
4	GP		701	3,336	8,578	15,328
5			49.0%	72.4%	75.0%	75%
6	Expenses		7,330	9,056	8,000	8,000
7	EBIT		-6,629	-5,720	578	7,328