Easy, assuming growth continues. 0.002 is only a $27m MC.
Lets look at the April sales and annual run rate on the back of it. .
$11k e-commerce sales for April = $330k.
If we average out the last 4 weeks of Coles sales we have approx. $23k a week = $92k
Then we have B2B, Fiji Tourist Channel, IMCD Kavaton, Alibaba Tmall and the rapidly improving Danodan = Assume $58k
Approx. April sales = $480k. or annual run rate of $5.76m.
One of the best bits in the announcement today was the following -
"Shopify USA sales in April were more than 4x the March baseline indicating that our strategy in the USA is showing similar promising signs to the early days in the Australian market for Shopify.”
Shopify is one of the best margin platforms. If the US can grow (on shopify) as fast as Australia grew over the past 12 months, then we have a shot at profitability before December 2024.
Also I like the gap pick up, they say gaps always get filled.
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