AT1 3.85% 2.5¢ atomo diagnostics limited

sure, we have had discussions on this - many many times. +...

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    sure, we have had discussions on this - many many times. + another poster (danhoff) has posted a lot of potential calc around revenue vs EPS vs EBTIDA etc....acres and acres of it wink.png + we have current Canaccord broker estimates (only analyst covering AT1 so far)

    Summarising:
    - ~60% avg margin (quoted by CEO several times + in the FY20 doc)

    - assumption though is margin will keep evolving as its based for now on mainly C-19 OEM supply avg (largest FY20 segment). We have that Ab test revenue % sharing deal with AccBio (yet to kick off) + a longer term supply agreement with NGBio (also pending), which might change this avg significantly for C-19 market.

    - then we have the core HIV biz of course, which is AT1's own tests (so should be higher margin than just device supply/sales?) and then we have the added AccBio Ag test sales (maybe) to increase C-19 revenue further.

    - anyway, using the FY20 qty sales VS rev data, estimate per device revenue:
    Covid Ab (primarily NGBio) $3.4m for 1.08m $3.148
    HIV (all)$1.2m for 226k$5.310
    OEM (all except Covid19)$0.8m for 266k$3.008
    https://hotcopper.com.au/data/attachments/2627/2627821-3573942afee8a5403a373886c7df6b21.jpg

    - Below are the latest production scale-up numbers (Nov'20 AGM doc).

    As we only have the FY20 numbers above + only the minimum C-19 order qty agreements (most of which yet to generate any measurable rev trend) + only Q1 data (which wasn't broken down) = we don't know how much production capacity is being allocated for which segment revenue.

    https://hotcopper.com.au/data/attachments/2627/2627823-153f277d34531e3626c63a62bb277400.jpg

    You could certainly mix all of the above and end up with a simple Avg Revenue Per Device guesstimate....

    Anyway, best assumption revenue (which we have been working around + using similar broker data). See danhoff's recent posts today for moire detail
    - FY21 ($20m+) / FY22 ($40m+) / FY23 ($60m+)

    But, as I posted on the Qtrly thread today to danhoff's most recent calc...these are all assumption darts into the distant horizon...I feel we don't have enough test segment data or order-sale trends to hang our collective handbags on yet..

    Feel free to calc and post your thoughts, if you see different stuff in the docs + data....
 
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