Hey Jabra, note that in your example you suggested WSI is making $2m profit off $200m revenue, when it's actually making that off $40.1m revenue. The $200m is contracted revenue booked not received. Makes the picture look a bit better.
Also iIf you take a look at last quarterly for Q4 2021, they did much better ($10m off $34.5m) but the quarterly gives you the picture as to why:
Opex for Q1 2022 is double that on Q4 2021 but it's likely this is because of the fixed and upfront costs associated with forward contract delivery, as other posters have pointed out.
I think this is a strong result, if this carries you could see even larger operating surpluses going forward.
All IMO.
Hey Jabra, note that in your example you suggested WSI is making...
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13.5¢ |
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Mkt cap ! $14.95M | |||
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| WSI (ASX) Chart |