Share price on the day of last years December 4C was 26c.
https://hotcopper.com.au/threads/ann-quarterly-report-and-appendix-4c.7189153/#post-65823406
It jumped to 31.5c which was the 52w high.
Revenue for H1FY23 was $64M. Management are stating $75M for H1FY24.
With H1 revenue's up 20%, the share price should return into the 30's.
It touched 32c last week on volume.
Management must be confident on their cost savings across AU and US and project ~$25M quarters in March and June for them to publicly state "cash flow positive" in FY24.
VHT - bought out for AU$295M (!) on (their latest 4C) NZ$11.5M revenue, with a meagre profit per quarter.
M7T - $8M last quarter with a very small loss. $180M MC.
ALC - feel for holders there, $90M MC (was over $200M recently) on $6M last quarter with $8M loss.
Demonstrate a profit from March or a small loss (not $M), then I believe we're off to the races this year.
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