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clock Created with Sketch. 06/04/19
15:29
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Originally posted by Tachyon_Nova:
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Not that it makes a huge difference, but for my purposes I'm assuming March was closer to $700k than $800k. If we were over $1m with a week to run in Feb, I'm assuming by the end of that month we were circa $1.1m, leaving $0.7m for March. As Vestro said, the $1.8m could be conservative but for now I'm just taking things as they are written.outstanding sales order s " for Q4. I'm finding it difficult to try and understand whether or not this is indicating much order growth for the current quarter or not because it seems we are comparing 1 product order volume to total volume. Given the comment in yesterday's announcement that the order volume is "subject to new kilns being commissioned as planned" we can definitely infer some growth. Still though, with 100T over 13 weeks we clearly aren't going to need most of that extra capacity just yet, so I personally won't be looking for a doubling of profit just yet.
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To me this implies that the order backlog has grown another 18T in about a month, meaning that the company is only falling further behind the growing demand with their current capacity. All things being equal, their new capacity would enable them to clear that backlog within a couple of months, but the new supply is likely to attract a further increase in demand.
(20min delay)