Now the Newsat board has some stunners following, I thought you may like some sexy graphs to match!
They tell the story.
If you take out the expense to fend off Starr and EWC (a wise move) I suggest we'd almost have pulled of total profit now rather than 30th June as I hope.
"we" means share holders that want the company to succeed.
"EWC" cost by my guess was $150k unless silks are now working for the minimum wage
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The Group has continued to deliver strong revenue growth - 21% for the current half year versus the equivalent prior half year;
Sustained growth is reflective of both substantial gains in new business and strong retention of existing contracts and customers as disclosed to the market throughout the period;
Growth at a Gross Margin level has followed revenue and in % revenue terms the gains achieved from FY08 to FY09 have been maintained;
Gross margin % has stabilised at 50% of revenue (consistent with the first half of FY09); Significant turn around in EBITDA reflects the strong revenue growth, robust margins and control of operating expenses ? a continuing focus of management.
The graph below shows NewSat?s Monthly Recurring Revenue Charge (?MRC?) on a rolling three month average basis;
* As the graph above illustrates growth has been seen in each and every period from August 2008 (FY09) to December 2009 (FY10);
* Demonstrated growth reflects both robust customer retention and continued success winning new business;
* Current monthly MRC is over $2.0m;
* Continued robust MRC growth is the foundation of the increasing month on month profitability.
Sexy Graphs are IMHO leading to sexy money, so before you say "show me the money" there is the reason it's coming!
Mac say someting nice for a change.
NWT Price at posting:
0.5¢ Sentiment: ST Buy Disclosure: Held