Hi all,
The quarterly report is due any day this week or following for Q2 2020. This thread is to showcase what Q2 revenue we know will be recognized as previously disclosed via announcements. This thread is intended to collate figures from previous anns in speculation, I understand speculating a quarterly that is a week away isn't for everyone - but this is what we know as yet regarding Q2 revenue figures:
In below screenshot from the 30th of April Ann:
Here we see the NZ$219k that was recognized for first quarter revenue, below it we see a the revenue noted for April being NZ$246k. This means that for the first month of Q2 we know for certain that we made NZ$246k.
In the above screenshot from the same 30th April Ann, we see that from the $4.4M purchase agreement it is expected to generate an average of NZ$360,000 per quarter, with the key words "forming strong revenue streams for the June 2020 quarter and subsequent quarters".
Suggesting that NZ$246k from initial screenshot does not include partial revenue from this NZ$360k, then we have a prospective total of NZ$606k. For realistic estimates, lets subtract a third from that NZ$360k total as the original NZ$246k is Aprils actual revenue - likely some of that $246k is recognizing revenue from Ling maw contract as it leaves the docks. That provides us with a running total conservative estimate of NZ$486k revenue for April and the $4.4M contract revenue recognition for Q2. ($246k April revenue + $240k ling maw contract revenue with a third subtracted = $486k)
The above screenshot is from the 25th May ann regarding the Oyster Powder contract. As this was signed in the last week of May, we will only recognize the 475kg shipment that dispatched. This equates to NZ$47,500 for Q2, suggest no other shipment was sent in June. That provides us with a running total of NZ$533k.
In regards to contracts, that covers Q2 revenue recognition from my understanding of whats disclosed currently.
The above screenshot is from the June 17 business update ann. This phrasing suggests its referring to separate Dried Maw product sales as opposed to the $4.4m contract, although for conservative projections sake lets say that we will only project 40% of the April figure of NZ$246k for months May and June. This equates to $196k for months May and June.
This gives us a running speculative revenue for Q2 of NZ$729k or A$681k. We wont count the $65K European muscle powder contract as it was signed in early July.
Again let me assert that this is speculation, DYOR, although I hope this is of some use to those analyzing the stock.
GLTAH.
(20min delay)