The June 4C revenue should be $10m+ equating to a $40m+ run rate. The surprise might be how far above $10m revenue we TNT will produce for the up and coming 4C. Maybe $11m.
A couple of key financial measure is that TNT has achieved positive operating cash flow. Costs for the June quarter should be around ~$8m indicating cash receipts to be above this figure. How much higher uncertain but should be significant as the EBITDA (earnings) is also positive as well.
The business seems to be gaining traction and economies of scale. Would be great to see revenue split by geography to evaluate growth across their international markets
TNT Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
