Assume there is supposed to be a fairly important comma after ~A$4m?
"Q2FY21revenue from the oil and gas sector is now forecast to be ~A$4m materially ahead of the previous quarter"
Reads as if Q2 will be $4m ahead of Q1 and would suggest $7m quarterly revenue, when they are actually saying $1m ahead:
"HFT is on track to deliver ~A$4m of revenue for Q2FY21 (A$1m in Q4FY20 and A$3m for Q1FY2021)"
Growth looks to be slowing compared to the previous 730% qtr on qtr growth, although that is a bit of an outlier due to restarts post covid lows.
On a side note, the timing of the announcement seems like it was pushed out to slow the bleed in the SP?
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- Ann: Record Quarterly Sales in US Oil and Gas
Ann: Record Quarterly Sales in US Oil and Gas, page-4
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