I always believed in the FOS business and overall story and hence invested in IPO. Today's updates have consolidated and regained confidence to all investors. Pretty impressive progress and will be a valuable company for coming years. Already profitable and all key metrics are growing more than expectations from prospectus.
Highlights of FY21 • Sales increased 47%, to $8.1 million • Profit before tax (excluding IPO costs) approximately $1 million • Order book increased 164%, to $3.8 million • Active quotes increased 147%, to $42million • Employee numbers rose 92%, to 50, including five new senior sales executives • Completed the JSB restructure, and its integration into FOS • Reduced the JSB cost base by $2.2 million • Cash position at 30 June was $3 million • Appointed the exclusive distributor of Pixon Technology X series LED Display screens
FOS Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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