It seems some are confused with how operating leverage works....

It seems some are confused with how operating leverage works. The thing is, for quality companies like EYE, sales tend to increase by a lot more than what you spent for that increase to happen. This is evident in the very strong returns generated per sales rep, and in the recent financial data.

• From FY23 to FY24 global sales increased by $6.3m

• From FY23 to FY24 global operating expenditure increased by only $1.5m

• Additionally, from FY23 to FY24 the gross margin also improved from 68% to 72%.

As is evident, $6.3m increase in sales only required expenditure of $1.5m. This gap will continue to widen as scale continues to increase, and is why profitability in the near term is highly likely. It is also why attempting to assume that the net loss / profit for the current half will be the same as the prior half is also fraught with error. The company has proved it can grow sales with minimal added expenditure, and that is why we have seen such a substantial improvement in the bottom-line performance, and is why predictors of capital raises continue to be proved wrong with each announcement released.