Below is an income comparison for the past few years.
Last years loss also included a write down of assets of $1,379k for impairment of receivables.
I thought I would post this to give people an understanding of what $35m in 2020 revenue may do for the company, as at $20m of revenue in 2018 it made $2m after tax. Company also has carried forward tax losses by the look of things, so should further enhance returns.
Sure the company has changed and expanded into the US which will bring additional costs, however, if the company should hit the $35m revenue target, it should greatly enhance the profitability.Income statement
All numbers in thousandsBreakdownTTM30/06/201830/06/201730/06/2016Total revenue15,09920,79314,25511,632Cost of revenue6,0426,6143,3941,143Gross profit9,05714,17910,86110,489Operating expensesResearch development-1,1771,9121,986Selling general and administrative11,14910,92115,70611,882Total operating expenses16,46813,94720,29518,929Operating income or loss-7,411232-9,434-8,440Interest expense6155285401,419Total other income/expenses net1,9291,835-2,41812,439Income before tax-5,9431,746-12,2772,699Income tax expense-370-261,416Income from continuing operations-5,9061,746-12,2511,283Net income-5,9062,229-11,9481,533Net income available to common shareholders-5,9062,229-11,9481,533Reported EPSBasic-0.03-0.160.03Diluted-0.03-0.160.03Weighted average shares outstandingBasic-77,33776,81256,199Diluted-83,79776,81256,199EBITDA-2,808-11,1584,678
Has anyone done any financial projections at $35m in revenue or can supply any broker research?.
Management may even get there bonus shares the way things are going.
GLTA
DYOR
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