Generally any update is a good update....
On the upside : NEA is now producing additional products, that they are actively commercialising separately.
Previous revenues run at a normalised margin of 90%. I expect these revenue to continue at those margins.
On the back of this update we can expect NEA to start reporting revenue per new product. Even though this is a step in the right direction, they did not give us the initial estimates per product and makes it almost impossible to model. I presume the fundies to be all over the lack of initial disclosure.
If the new products brings in ACV at reasonable margins, it might indicate a good time to buy. I guess we will only know in February.
NEA Price at posting:
62.5¢ Sentiment: Hold Disclosure: Held
