At the last quarterly update, sales where 7.8 $M, up 12% from previous quarter, which was a significant progress and a build of momentum compared to the the previous quarters.
Meanwhile, we know that at least a $ 1M contract has been won in Aus. That only is a 12.5% on the previous quarter!
This is without including the US or any other contract in Aus.
So, the risks of a slow progress in the US are real (It is just a question of time, IMHO), but the risks of a bad FY aren't very high.
Quick calculation, progress on the previous quarter:
Q1: +5%
Q2:+10%
Q3: +12%
Q4: >= +12,5%
So Q4 vs Q4[2015]: >+ 45%.
That's freaking good.
And if you do the yearly calculation, you end up with a pretty good number too !
But you're right about wether the market had already factored that in or not ... Ie: is the market aiming high, risking to miss his target ?
NEA Price at posting:
58.5¢ Sentiment: Hold Disclosure: Held
