RLG currently has a market cap of $8m
They achieved 12.1m FY2023
So far in FY2024
They have potentially done an extra 250k Australian milkpowder products in July 30% increase on June (1st month)
They have added new products to sell
RLG appointed to market, sell and distribute the Hydralyte range of electrolyterich tablets, liquids and powders in China
RLG Marketplace enters into agreement to source and supply food, health andwell-being, nutritional and beauty care products, to be sold online and in-store byShanghai No.1 Pharmaceuticals CompanyAgreement is anchored by a maiden $950,000 order with revenue to berecognised next quarter
If they achieve the same run rate at FY23 on the established product lines and the milk and Shanghai No.1 Pharmaceuticals Company continue then we are looking at FY revenue of $26 million
I would not be surprised if the Australian milkpowder products would not be at around the $1m mark in sales by January which could mean revenue between $30 - $35 million
Add in 4 or 5 new successful product lines we could easily see that number be above $40 million with a profit between $4 - $6 million.
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