June Quarter revenue will be sub $200k and I suggest that may be being generous. 1st bag produced early May, shipped early June and pilot orders initially, so not really expecting a big reveal for the June reporting period.
September Quarter however - will be the big test. Production ramp up and in spec purity improvements leading to stronger than pilot product sales need to achieve north of $3m in revenue for the Sept quarter. Considering WKT have announced capacity to 110 bags (1 tonne bags) a day in production - revenue streams north of $3m in Sept Quarter should really not be that difficult even at a 50% retention to projections. Again, I feel like I am being conservative here particularly amongst the claims of DFS sales at $1,515 PT and below $500 PT Opex. Should be a breeze achieving this type of revenue in the September reporting period.
So I also agree….all will be revealed in the quarterlies.
WKT Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
