Nice assessment, i agree and in tough market conditions as well.

First 3 Last

Share
Profile

Follow
Pdiz

768 Posts.

86

01/02/24

13:55

Post #: 72185001
Share

Originally posted by Holdtight: ↑

This is a very exciting report if you read between the lines:

If the expected 6EZ had of shipped in Q423 instead of Q124, the revenue number would have been closer to $18m USD ( $27.2m Aud ). At a 28% margin they would have been slightly cash flow positive and profitable.
They mention a customer indication of ( but not a PO) 1 7AF each quarter for the next 6 quarters and 1 6EZ..... if they had of included these into the pipeline, it would have taken the pipeline to north of $10mUSD ( $15m AUD). Maintenance revenue will only grow quarterly from its current $9.0m usd ( $13.6m aud ) as more tools are sold and need to be serviced. BTW the market cap of the company is 1.1 X current maintenance revenue alone ( assume debt and inventory of around $8m USD each negate each other. )

" the company has sufficient inventory on hand, and especially long lead-time items to build the majority of one additional 6EZ and four additional 7AF's
major customer is in high volume production testing on the 6EZ which could lead to additional orders in the coming months."So if the expected 4 7AF and 1 6EZ orders are filled in FY24 from current inventory the cash position will improve by north of $5m USD ( $7.6m aud ) in the FY24. This does not include any orders from the customer in production testing.

IMHO, only upside from these prices.

Expand

Nice assessment, i agree and in tough market conditions as well.

RVS Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply