I've taken up a starting position.Growth outlook/forecast...

I've taken up a starting position.

Growth outlook/forecast is strong.

Aiming to sell 90,000 units during FY20.

Average sale price of $230 per unit based on sales to date.

Looking at revenue of around $20mil from Spacetalk this FY plus other rev sources on top.

COGS are low and a GP margin of greater than 50% has been acheived to date.

Strong partnership with Sky Mobile UK and talk of other partnerships with telcos in negotiations.

Derisked due to raise being completed. Cash available to build uo inventory.

At this MC if they acheive $20mil+ rev this FY it is significantly undervalued.

I've got a starter position here and will likely add once there is mote liquidity from the split.

TA wise $3.20 appears to be the bottom.

Coming into peak season now with Christmas followed by back to school.