1FY16 estimation based on announced info:
AU revenue - $13.5mil
cost of sale and marketing based FY15 ratio 40% - ($5.4mil)
gross profit - $8.1mil
general corporate admin based on 2FY15 - ($6.3mil)
interest income - 0.3
net profit before US - $2.1mil
US revenue - $0.8mil (announced 700k as at 30Nov by RN)
cost of sale based on 2FY15 - ($3.6mil)
net profit in US - ($2.8mil)
net corporate profit - ($0.7mil)
the actual loss could be well over $1mil for the following reasons:
1. average exchange rate was 0.8382 in 2015, and that rate has since fell at least 15%, so cost of sale will be some 10% more
2. before they decided to expand to US, they were talking about expenditure of $8mil a year, at the time, exchange rate was around 90c, so I would estimate half year of $4.5mil for 1FY16, and that will result a loss of (1.6mil)
in reality, $1.6mil loss will not be too bad, if one considers R&D rebate in 2H16 will probably cover the loss. but the market probably will take a hit initially, then its all about US, another 6 month, they either fly to sky or sink to hell.
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