I'm interested in your's and others view on how you see EN1 being profitable (or not). If Cost of Sales is proportional to revenue, then the latest announcement on revenue would see EN1 heading for a revenue somewhere around $34M in 2019 with cost of sales around $21M and gross margin $13M. Assuming they can manage other costs to be about the same as 2018, by my calcs they are still -$2M for the year. Is my assumption on cost of sales reasonable, or are people expecting it to be much less than what I have factored into the above?
EN1 Price at posting:
4.6¢ Sentiment: None Disclosure: Not Held
