Let's not get too far ahead of ourselves. HALF YEAR LOSS A$ 1.432 MILLION H1 REVENUE ROSE 358 PERCENT TO A$ 1.112 MILLION
Banging on about the massive increase in % revenue is like celebrating because a company share price has increased from 0.001c to 0.003c. Revenue of $1.1M for this company is well below what it should be. What happens when the current $4.2M defence contract expires in June??
I'll say it again.....unless AR9 secures new significant revenue(not just millions but tens of millions) it will struggle long term. Management have a lot of work to do. I am a shareholder too and want it to succeed and while I could "talk it up" I need to be pragmatic and look at the absolute numbers rather than %'s.
Call this negative if you like.........but reality is reality. They need much more revenue if they are to succeed long term - at least $5M by June.
