"Historic financials suggest there is significant operating leverage in this business. Revenue is currently at $70m producing $11-12m of EBITDA. When revenues were previously $100m in 2019 they generated almost $40m of EBITDA. The hard part now is getting revenues back to that level!"
That means, to arrive closer to $40m EBITDA in 2019 at $100m revenue, they would have to do around:
Target EBITDA $33-36m = approx. $210m Revenue (2x more compared to 2019). Does that sound correct? Is it achievable based on current and potential future contracts?
Ann: FY2023 Trading Update, page-9
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Last
60.0¢ |
Change
-0.025(4.00%) |
Mkt cap ! $104.7M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 63.0¢ | 60.0¢ | $605.3K | 988.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27000 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 5927 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| IRI (ASX) Chart |