AJX 0.00% 1.1¢ alexium international group limited

The BS at the closing auction continues, page-38

  1. 34,916 Posts.
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    Well I am not sure what the percentage of total manufacturing cost is for FR in a mattress but we do know that by end of June they were doing a monthly run of 90MT of chemicals - the majority would have been for mattresses. Then they said, from memory, they forecast quadrupling this amount by the end of 2018 FY. Revenue for fin year 2017 was $24mill. So I am thinking revenues aren't as small as you are suggesting.

    From December 1 newsletter:

    Introduction and rapid growth of new Alexicool platform product in the mattress market, with shipments growing 1800% from 5MT sold in December 2016 to a monthly run rate of nearly 90MT by the end of FY2017;

    More than tripled high margin revenue customers over the course of FY2017 with an additional 4x increase in customer base forecasted over the course of FY2018;
 
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