My simplistic take on this announcement
Comparing to 2H22
There were Cash outs of around $45 million in 2H22
1H23 revenue of $60mil minus $45mil equals $15 million of cream
1H23 revenue of $60mil means Q2 revenue is around $40mil therefore a 100% increase on Q1 ($20mil)
Everything is looking positive.
*** Lots of assumption in working this out ***
Ann: MDR expects 1H FY23 revenue to be up 50-60% on 1H FY22, page-3
Add to My Watchlist
What is My Watchlist?
