Expanding on recent comments made by management relating to Riyo achieving profitability in FY22.
Referencing the table from the FY report, I'd guess the revenue growth required over the next 18mths is going to need to be in the magnitude of atleast circa +$1m. This is applying a rough 10-15% cost of sales extrapolation and assuming total expenditure remains constant - (I'd wager we'll see an increase here too).
This is a fairly big call, especially with a corresponding timeline and the current low revenue base, given we're nearing two thirds of the way done this FY.
With quarterly reporting allegedly on the cards, hopefully we'll see some geographical/ business segment split. But if they're to achieve this we certainly should be seeing some pretty chunky growth over the coming months as we approach FY year end in June.
Additionally, the Riyo brand refresh has started the rollout to the Linkedin page. Still awaiting the refreseh to the riyo.io, facebook and youtube pages.
all IMO, DYOR etc...
JCS Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)