you right, it’s fair enough to say the annualized expenses should be $20m for 20/21 financial year.
don’t look at the 65% direct cost formula. It’s unrelated in this case.
To reach the $15m calendar year forecast, there is still $10m to meet the target by dec 2020. So we will know the forecasted revenue for July -Dec 2020 is at least $10m. We are expecting the company in high growth so expecting a good grow in sell for the next half year to $20m, in total a $30m revenue to 30june 2021.
back to your direct cost issue. Next year this time a revenue of $30m vs $5m direct cost, the ratio come down to 18%. So it will become irrelevant when analyzing a high growth company.
I wish the share price by end of the year will hit 15c. $15m revenue @ 20 times (currently APT on 40 times of revenue) then next end of year will be 50c -60c.
seem like there will be a long road for me to retire
NET Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
(20min delay)