Sorry but the maths dont add up to me.
Starlink revenue says 5% of FY23 revenue which is $21m so that means we did $1m in starlink sales as per page 7.
Page 13 then says we make $4k per install of hardware. So that means we did 250 units in sales in this FIN year as I assume its too early for subscription revenue.
Page 14 says we have 1,900 units in inventory.
Sooooo how many did we actually purchase with out $9million? only 2000 odd?
And based on the financials provided it says a sales uplift of 50% for the quarter vs LY and 10% increase in revenue vs LY this means I would be guessing we had another quarter expenses spend of around $10m?
Which would put our sales up 24% for the year and expenses up 61% for the year?
Again I could be wrong so do your own research but that's what it looks like to me.
Happy to be corrected. I just feel like I'm being bluffed with this pack and I was really impressed with the set out and welcomed the communication but the numbers don't impress me at all!!!
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