AJX

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I disagree - whilst I may be a little optimistic - they are...

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paradigmshift

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08/10/21

16:17

Post #: 56666984
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Originally posted by SebTaylor: ↑

Regarding revenue.
They have grown revenue around 20% over the last 2 years from USD $5m to $6.1 to $7.3m in this last year just gone. I don't think they will be doubling or tripling it this year. You have to ask yourself where that sort of growth will come from.

To achieve 20% this year they need to grow sales by around $1.5m. I think they should be able to do that and hopefully more (possibly 40%), but it will also depend on when new contracts are announced (like Body Armour). We are 3 months into the year already, perhaps they may announce a deal in Q2 with sales starting shortly after, but I can't see it being worth millions this year. They will get a good lift and increase in sales from the Total Mattress Cooling System this year, BioCool should also grow nicely, but FR sock has had delays with covid and we won't see any revenues from the Marines this year.

Regarding Profitability
This last year just gone, AJX announced a loss of $1.445m - but that included $921k of covid funding from the US Govt, otherwise it would have been a $2.366m loss - so for 21/22 to make up for that covid funding which won't be repeated this year they need to increase sales by $2.5m (at a margin of 38%) just to come back in line with last years loss (assuming expenses etc... are similar).

AJX has good prospects - we should see a lift in receipts this coming quarter, hopefully a Body armour deal in the near future - but we still need to exercise some patience

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I disagree - whilst I may be a little optimistic - they are resouced with proper sales people plus colinton would not have bought in for 20% growth.

They have been hampered by COVID and socking is behind where they thought they would be. They mentioned socking could be a huge market.

I still think run rate - meaning monthly revenue at December could be at $1.2M and $2m June next year.

Any remains to be seen - let us get this quarter out first and see some foundations being laid!

AJX Price at posting: 8.7¢ Sentiment: Buy Disclosure: Held
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