massacre, page-29

Excellent post Mrdog. Mattkid, if you see this can you confirm/add commentary.

Dog; remember this is YTD figures. Lets see what happens when we get a full 12mths @expected mkt share across retail/wholesale. We've only touched the surface of hospitals.
(then of course RoW)

COGS looks a bit high, but if I paraphrase:
1. $125,535 Revenue to ACL; implies
2. $20,250,000 (pre-split NPAT);implies
3. 38% GOGS; on
4. $33,000,000 (Top-line Sales)

At an earnings level, this looks very good to me. Because if you add back the dev. costs ACL would have received 10Mill+. Again this isnt a full 12mths of sales at capacity. This also reaffirms management's cash flow model.