at $70m revenues at a ~19% margin it means ~13.4m in gross profit......expenses are closer to ~15m so still a loss with 70m revenues and 48k customers
and I suspect 19% margin (inclusive of hedging) is probably going to be higher than they achieve given the significant change in wholesale pricing in queensland
perhaps margins might improve with plenti (seemingly) taking the solar/battery capital cost off their hands, but I'm just not sure these guys are equiped to run/manage a business of this scale
Ann: LPE Provides Improved Revenue and Performance Guidance, page-3
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