Should they manage to achieve 55m in total sales thatwould...

Should they manage to achieve 55m in total sales that
would require 6.4m in sales in Q2. In Q1 report they stated
they were expecting material sales volume from EVS water
which is obviously open to interpretation depending on your
definition of material. Should they have achieved that mile
stone in a quarter that would be a 60% earnings increase
from Q1 to Q2. That’s a big ask but off a low base anything is
possible with high growth penny stocks that are leaders in
their field. If this company is serious about its prospects and
achieving circa 100m in revenue by 2023 as they previously
forecast then we should expect them to not just be beating their
previous last quarters, but to be smashing them. There’s still
quite a way to go obviously but they did raise capital partly to
fund sales growth so at some stage we shouldn’t be surprised
by a big lift in sales adding to ARR. As soon as that happens
our current 24.5c high for the year has to be left in the rear
vision mirror as has happened with other tech stocks. This
one has minimal debt so that should make a significant difference
moving forwards as an attractive prospect to value investors
looking for a safe place to invest their hard earned as we head
towards profitability.