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herbalist

7,075 Posts.

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02/11/15

23:03

Post #: 16312398
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Originally posted by webbj ↑

I was a bit surprised at the quarterly as well, especially given their prior announcements.

Looking through a bit more, I think its at least partly just lumpy revenue. Their accounts show $6 million revenue in the 6 months to Dec 2014, then they posted $15 million in the 12 months to 30 June. So the $2 million this quarter is not hugely out of kilter if more revenue comes in later in the year.

At least next quarter wont have 250k payment to the departing MD and $500k cap raising costs. Hoping it will be more of a pleasant surprise. We shall see.

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Guaranteed to run now as i have sold out.
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