The last revenue update on 17/11 implied that 1H revenue would be $2.068m ("... on track for 20% revenue growth over the last quarter")...
This release implies revenue for 1H of $2.191m, which is a 6% upgrade.... not bad.
Assuming we could earn flat revenue in 2H (which would be conservative IMO given the store launches would have developed further, plus 2 more stores to launch, Reid, FRUTEEC.... then FY21 revenue should be at least $4.38m (which would be a 48% increase on FY20).... again... not bad.
Sure, we aren't at positive profit, nor do we have positive cashflow... but we are trading at a market cap of $13.3M - just over a 3x of current revenue run-rate.... feels very low to me for a company that is growing fairly quickly.
The last revenue update on 17/11 implied that 1H revenue would...
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