9-10m revenue - that will give an annual revenue run rate of...

9-10m revenue - that will give an annual revenue run rate of +23m assuming growth flatlines.


Not particularly concerned with NPAT at this stage because they may have spent some funds ramping up the Sprint rollout.

Traction in the USA is the most important thing I want to see with MBE.

They had reported early MoM growth in the Australian operations of 40% about 12 months ago, noting "softer performance" in their initial learning stage. That's pretty much over and done with in the US so the January trading figures with Sprint will form a good baseline for further growth.

I anticipate something like Jan Revenue *1.40 for the march quarter.

June quarter MoM growth of 30%
September quarter MoM growth of 15%
December quarter MoM growth of 10%, similar to what they are getting in Australia now, 12-13 months after launch.