Revenue is usually realised on shipping of goods not on receipt by customers.
Speculating on why the revenue forecast was materially reduced is pretty pointless, mngt should have already provided an explanation.
The picture pointed by mngt of Xperience suggested sales in Q4, potentially material sales.
To cut the forecast excluding Xperience by a material amount suggests a significant issue either with the business or mngt's ability to predict the business. Either way it is not a good situation which is why I sold out.
NXS is still a highly speculative investment until they deliver significant Xperience revenue.
Ann: Update on expected revenue for H1, page-52
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Last
38.5¢ |
Change
0.005(1.32%) |
Mkt cap ! $110.8M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 38.5¢ | $2.543K | 6.604K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16539 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 3063 | 1 |
View Market Depth
| Last trade - 11.10am 15/05/2024 (20 minute delay) ? |
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Last
39.0¢ |
Change
0.005 ( 4.00 %) |
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| Open | High | Low | Volume | ||
| 38.5¢ | 39.0¢ | 38.5¢ | 1329 | ||
| Last updated 11.10am 15/05/2024 ? | |||||
| NXS (ASX) Chart |