An extract from the update
"Consolidated Revenue Continues to Grow Since listing in July 2015, Cirrus has delivered strong year on year revenue growth. This has continued in FY18 with revenues expected to be in excess of 60% up on prior year revenue. With this trend continuing it is expected that FY18 half year revenue will be in excess of $30 million. "
well, FY 18 with REVENUE EXPECTED TO BE IN EXCESS OF 60% UP ON PRIOR YEAR.
Let's do the MATH. FY 17 REVENUE 53.9 MIL . UP 60% is over 86 MIL in revenue for FY 18 so
Obviously second half is going to be the greater earner
This SKEWED earnings towards the 2nd half is prevalent with many other IT companies if you read their update, like RXP updated 44/56, EPD also came up with a similar notion.
60% of annual growth is BIG by any standard, never the less cash flow positive will bring the real shift in share price.
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