Not much new news on this presentation. The silver lining is FY 2025 revenues should again show an improvement on FY 2024.
Only booked round $7.3m of revenue in FY 2024 and carried forward $7.4m into FY 2025. Given there has been around $3m of extra work booked post YE, should guarantee revenue of at least $10m in 2025.
Sure, this is an artefact of carrying over large 2024 contracts and the business still needs to secure more large contracts to maintain the pipeline into 2026.
However with a start point of $10m+ revenue in 2025 and with any luck a few more contracts YTG with US facility, might be able to hit break even in FY 2025.
AL3 Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)