They need to get a move on to get to that $70-100m in revenues and 25% EBITDA margins they claimed within 3 years.
This just seem to show that for each half:
- perimeter/detect business has stabilised at ~8-9m
- Access at ~2m
- Illuminate which seems to have a run rate of ~0.7m per month so ~4m
=> that means ~$14m for each 6 mths, so the ~28m for FY is just treading water (FY2022 was a weak performance and hence the comparatives look good, but somewhat masked by GJD/Illuminate which has added ~8m in annualised revenues).
I guess not losing money is a positive (and $28m for FY2023 means a marginally positive EBITDA like 1H2023), but they really need to book some decent contracts to get them to that growth aspiration they keep on communicating and more so get some recurring revenues to improve margins!
Add to My Watchlist
What is My Watchlist?
