News: OEC Orbital Corporation's Revenue Guidance For Fy20 Is Set Between $25-35 Mln, page-29

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 thousands

Breakdown

TTM

30/06/2018

30/06/2017

30/06/2016

Total revenue

15,099

20,793

14,255

11,632

Cost of revenue

6,042

6,614

3,394

1,143

Gross profit

9,057

14,179

10,861

10,489

Operating expenses

Research development

-

1,177

1,912

1,986

Selling general and administrative

11,149

10,921

15,706

11,882

Total operating expenses

16,468

13,947

20,295

18,929

Operating income or loss

-7,411

232

-9,434

-8,440

Interest expense

615

528

540

1,419

Total other income/expenses net

1,929

1,835

-2,418

12,439

Income before tax

-5,943

1,746

-12,277

2,699

Income tax expense

-37

0

-26

1,416

Income from continuing operations

-5,906

1,746

-12,251

1,283

Net income

-5,906

2,229

-11,948

1,533

Net income available to common shareholders

-5,906

2,229

-11,948

1,533

Reported EPS

Basic

-

0.03

-0.16

0.03

Diluted

-

0.03

-0.16

0.03

Weighted average shares outstanding

Basic

-

77,337

76,812

56,199

Diluted

-

83,797

76,812

56,199

EBITDA

-

2,808

-11,158

4,678

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