The A$19m orders won to date include all of the previous years revenue (for the life of the company). Only a little of that amount is not included in orders already filled and accounted for in revenue.
Of the $2.4 m in the quarter under review, $2.27 M is the contract announced on the 9/12 that will probably be delivered in the current quarter - that gives a certain level of confidence that the current quarter will be far better than the last.
I am optimistic about the future of the company and hold an awful lot of shares, but I don't kid myself that last quarter was a good quarter - it wasn't (nor was it particularly bad). Having said that, sales are going to be bumpy, Q4 was always likely to be lower for reasons explained in the original post, and the company also had the distraction of a CR and preparing for a new facility.
My assessment is that AL3 is a good company and worth investing in; however, I am firmly of the opinion that even if the company fully delivers on its promise, it will encounter bumps in the road - that's just the challenges of running a business and will not impact long term success.
AL3 Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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