Yeah for sure. If you look at the graphs provided, we start with 75% more users than at the start of last qtr. Combine that with 15% growth in use by existing users since then, we must be starting the qtr with 100% more revenue. December would be a quiet month also so expecting more in this qtr. Huge growth with only some of our products available. $5 million a qtr by mid year seems fair, or even conservative.
Just for those that don't know, the $750,000 payment made last qtr is one of 2 associated with the purchase of harvest infinity. Next one is in October this year so we won't see that in the next 3 x 4c.
Also, HTG had approximately $3.6 million in debt at 30 June 2020. They have now repaid $1.5 million so expect repayments to be continued. I would say done by 30 June also but that's a guess.
Expenditure in the 4c has improved also. Higher r&d and product manufacturing spend is good news but also like the lower admin costs. Overheads down, productive costs up. Win.
HTG Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
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