Was just reading through some previous quarterly's and also some paid media articles and noticed the following:
Am I reading this correct that they have spent circa $9m of starlink inventory purchases? see below Q2FY23 and Q3FY23 notes
Am I also right to assume based on the Q2FY23 quarterly commentary calculations of $2m for 5000 units equates to $400 per unit cost?
So based on these numbers they have ordered 22,500 units of starlink kits?
And again based on the $3700 average sale per the paid feb 23 article then thats $3700 x 22,500 units = $83.25million on sales revenue???
seems a bit far fetched to me? I could be wrong maybe it is true
Copy pasted below from online article and also company quarterly activities
FEB 23 article
“An average Starlink product sale is around $3700, so it gives you the level of potential revenue for us. Starlink is a significant play for the company,” said Tsiolis.
Q2FY23 Quarterly
"Payments for operating costs For Q2 FY2023 increased to $7.4 million, predominantly as a result
of $2.0m spent in relation to the first part of a 5,000 unit order from SpaceX, with $1m in
inventory and a further $1m prepayment on product yet to be received"
Q3FY23 Quarterly
The Company drew down $4.0m of the Regal $20.5m facility during the quarter. $3.0m of this was invested in prepayments for Starlink inventory in order to meet demand.
The Company entered an unsecured short term facility of $4.0m provided by Juel Finance Pty Ltd to fund inventory purchases
from Starlink Internet Services Pte Limited, at an interest rate of 20% per annum. The facility is unsecured, with a maturity
date of 30 September 2023.
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