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clock Created with Sketch. 29/10/19
10:15
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Originally posted by Dungiven
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Good to see Nirobox staging a modest comeback with 7 (US$5m) sold in Q3. Also very happy with the revenue visibility for Q4, and including the high-margin initial IC revenue recognition which will pivot us to being a profitable business on an EBITDA basis for the first time. Visibility of 2020 and 2021 revenues, coupled with the growth potential of SPS makes this feel like the cusp of the very good times for FLC. Good on them for getting net cash used under control as well. Quite a happy holder here. Strongly tempted to top up for the first time in well over a year.
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Interesting too hear Henry say they are working on bulk supply orders for nirobox, similar to that of MABR. Bulk niros will be a huge lift to revenue.
(20min delay)