No idea why they have announced this deal. As @Sweetsound stated above, it is like 196k a year or 50k qtr.. That is not going to plug the current hole to get them to CF+ this qtr. Also noted this in the announcement... "Fagron is the Company’s fifth new customer in the 2024 CY" so, at least they are continuing to get more customers and I would assume that these must be smaller because I think they were not announced. They really need to sell 1 or 2 significant deals to get market real excited or else I think after the qtrly comes out the SP could retreat.
The guidance below was put out in June last year and approved by the board and reconfirmed in July. Anyone know if they have renegged on this yet as I could not find anything in later quarterlies? If not then you would assume that they are super bullish over the next 4 months or so.. but to go from 6m of Revenue in the first half to 16m in the second half menas that they would need like 7 - 8m of revenue this coming qtrly.. AT BEST I think they may do 4m so I think they will be falling MASSIVELY short on the guidance.
No idea why they have announced this deal. As @Sweetsound stated...
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $52.17M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $27.56K | 515.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 541989 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 5.4¢ | 147320 | 3 |
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| Last trade - 11.25am 29/04/2024 (20 minute delay) ? |
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5.3¢ |
Change
-0.001 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| 5.3¢ | 5.3¢ | 5.3¢ | 140200 | ||
| Last updated 11.25am 29/04/2024 ? | |||||
| SUV (ASX) Chart |