@Veecat, we should not forget that the big kick-up in orders from around 12,500 in 3Q FY21 to 22,000 in 4Q FY21 will not be showing up in sales yet. Don't forget the numbers ordered hovered around 12,500 for three whole quarters ending in 3Q FY21 before two big increases in consecutive quarters to 33,980 in 1Q FY22. That was almost a tripling in 2 quarters.
Most of the 4Q FY21 orders will get shipped & invoiced 2-3 quarters later in about 2Q FY22 and 3Q FY22. This is confirmed in the latest results, when numbers shipped went up from 9,550 to almost 16,000.
It will be another 2 quarters approx. for the shipped units to be sold and then to move onto subscriptions. So we should start to see the big Q on Q increase in subscriptions in 4Q FY22 and 1Q FY23.
As others have said, this is mainly a FY23 story. As I said, patience should be rewarded.
BCC Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)