It's consistent with the FY21 growth target of $2B revenue by FY26 and margins "in the teens".
At the time it seemed like fairly unambitious targets.
But here we are in FY24 and it does seem like heavier lifting than it did back then.
FY23 they did $1.592B revenue which was 10% growth on the previous year.
The current outlook was for low single digit growth in FY24. If they manage 5% that's $1.67B. From there they'd have to return to 10% growth in both FY25 and FY26 in order to just scrape in.
So $2B revenue does entail a reversal in the trend of declining growth which would not be easy in the current market. Achieving the margins/profitability targets seems doable through transforming the supply chain etc.
A2M Price at posting:
$4.21 Sentiment: Hold Disclosure: Held
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