The announcement wasn't good but wasn't 30% smashing bad either.
Company gave FY23 guidance at FY22 results so we knew revenue is still coming in light but still pretty good for a company its current valuation.
All fingers point for revenue to come in from $US388m to ~ US$350m
Ebitda will be cash positive but once you factor in product development costs at roughly $40m it will fall into a loss again so far its a mirror image of FY22. Still expecting a good order book and green shoots in december qtr. Always flagged 1H was not going to be good. Market reaction is manipulative and typical of this stock.
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