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16.0¢ highcom limited

In the February H1 Report, there was a backlog orders of...

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108

12/04/24

12:18

Post #: 73313362
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Originally posted by SteveSage: ↑

So Armor revenues will be ~$15m and Technology will be $10-15m so a total of ~$25-30m in 2H24

The big question is margins......arguably this sale if done of existing inventory would have been at reduced prices so the Armor division will be close to 20% and Technology hopefully more given a decent share of that is spares and support (so say 40%)

If we assume an average gross margin of ~30% on sales of ~$30m we get a gross margin of ~9m which is very borderline for EBITDA positive given their cost base of ~10m per half (perhaps they made some saves here, but redundancies and commissioning the move of XTclave is not going to be cheap)......I suspect EBITDA positive is going to be excluding one off costs unless they can book another $5-10m in the remaining 2.5 mths.

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In the February H1 Report, there was a backlog orders of $31M

Assuming all backlog orders are completed in H2, this new $4.5M order should add to the $31M revenue for H2.

HCL Price at posting: 15.5¢ Sentiment: None Disclosure: Held
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Last 16.0¢		Change 0.005(3.23%)		Mkt cap ! $15.91M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.5¢	$6.555K	42.19K

Buyers (Bids)

No.	Vol.	Price($)
8	118687	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	35107	2

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No.	Vol.	Price($)
8	118687	0.150
4	37242	0.145
5	155215	0.140
6	221011	0.135
1	20000	0.130

Price($)	Vol.	No.
0.160	35107	2
0.165	70000	1
0.170	12916	1
0.175	36911	1
0.180	38790	4

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