atm IAM is spending $5 for every $1 revenue or thereabouts
NPAT is net profits after tax
M1 is $1 mil NPAT
based on last 4C they reduced they spent over $800K and received $127K
They would need significant growth in revenue to achieve M1
Assuming spend remains around $800K per quarter by end of June 2019 they will have spent $3.2 mil and would need revenue of about $4.8 mil (allowing for tax) to achieve M1
Thats $400K revenue every month for the 2018-2019 financial year, with costs staying the same
for M2 need over $8 mil revenue in 2018-2019 financial year, over $2 million a quarter every quarter for next 4 quarters, again without cost blowout
IAM Price at posting:
1.6¢ Sentiment: Sell Disclosure: Not Held
