Eight Hundred and Forty Six percent Increase in Sales!

Eight Hundred and forty six percent increase in sales !

My earlier post “What will happen in the next four years?” predicted a 400% increase in 2020 sales, Its now looking conservative given NET’s latest report of an 846% increase.

Below is an extract from my earlier post.

“2020 sales from Q1 $1.6 mill to reach if the rumour is right $6.4 in Q4. Annual 2020 sales to amount to approx $18 million to $ 20 million. An approx 400% increase over the year.

Quite spectacular and reflective of the background previously outlined.

The sales story will continue to emerge as “powerful and strong”.

In 2021 , if we halve this rate of increase to 200% for the year we end up with additional sales of approx $40 million and total sales for the 2021 year of just under $60 million.

For 2022 , drop the rate of increase to 100% for the year and we end up with total sales of $120million.

Dropping the rate to 50% for 2023 total sales for that year could end up at $180 million.

Hence what we have is from late 2019 with a figure of negligible sales, to this 2020 year in a pandemic $ 18million to $ 20million sales, 2021 $60million sales, 2022 $120million sales and 2023 $180million sales.”

IMO the sales story of NET has already passed the tipping point and will become one of the ASX’s star technology stocks.

It is not a matter of “IF” but rather “WHEN”.