Will it be price hikes here or price “yikes”?
Anyone want to opine?
To start off a hopefully robust discussion;
Seeing as we’ve had no updates on the CVM side I was thinking the pending report will be mostly focused on the AEM audio side of the business.
…And I wonder if the price might fall due to negative market reaction to AEM costs vs revenue.
(ie I am expecting staff costs to be significant due to the costs of the large number of new employees has AEM hired this year ( 11 to last December 11 people plus at least four in this quarter as per past posts).
AEM revenue is expected to be up to at least $20m by end of June and was already $10.09m at half year with HY EBITDA up by $650,000 on the prior period
……but how much does it cost to put at least 15 extra people on the payroll?
Cheers
PS a reminder from the half yearly ;
..”AEM’s platform recorded an impressive performance during the half-year building on strong revenues generated in the later months of FY2022 with top-line gross revenue for the first 6 months of the current financial year of A$10.09* million v A$6.70 million (up 51%) for the same period in the prior year.
Normalised EBITDA** for the first 6 months was A $2.07 million v A$1.42 million in the prior period.(+46%).
Revenue is expected to continue to lift as we move through FY2023 as demand for AEM Audio products continues to gain traction and total revenue is conservatively budgeted for the current year at A$20 million (vs A$15.70 million in the prior year).
Forward looking forecasts assume a continued positive trend in demand for AEM audio products in the aviation industry as it continues its ongoing strong recovery from prior pandemic related disruptions.
Forward orders for the March and June quarters remain strong, continuing the positive momentum of the previous four quarters and well up on the year prior…”
Also
.. “AEM also boosted its capabilities and resourcing during the period, with the addition of 10 new employees as well as the key appointment of a new dedicated staff member to its CVMTM manufacturing team to boost capacity in that area…”
(20min delay)