going places, page-10

They look okay and the unknown revenue number is speed!

My gut feel after looking at the comms numbers is that the margin there is higher than 20% so there maybe some give and take there IF RDF cannot do 200 installs this financial year.

There is an interesting post by nightstalker on SS from some analysts that gave the results the thumbs up and is worth a read.

The things that i was happy about were:
- very strong balance sheet
- great growth in profit and hence EPS
- Over 17m+ free cash flow
- good opportunities for growth in next few years

The things i was unhappy about:
- 500K bad debt write off with no explanation. Thus result would have been 9.35m
- Slow down in installations with the obvious slow down in profits half on half for the traffic business.

All in all the bad debt write off is hopefully a one off and the slow down hopefully will correct as some of the 25 or so selections of RDF in the US start getting signed and then released as contracts to ASX.