Bagged my first entry with this one. Re-entry recently with a tight stop loss. Fundamentals look good with me, and great if they actually execute the Aura IQ deals but there's always risk of delays. That said I don't see how Q2 can be a disappointment, since the first half is already significantly better than last year from Q1 alone.
No reason for me to bail from this growth provider atpit.
Over delivering on their forecasts, but not by too much to lessens one’s confidence in future forecasts.
• Group Revenue forecast of $64.8m, above the guidance of $60-64m provided on 12 May 2021
• Group EBITDA forecast of $14.8-15.8m, above the guidance of $13-$15m provided on 12 May 2021
• Group Revenue forecast of $64.8m, up 41% on pcp1 (FY20 $46.1m)
• Group EBITDA forecast of $14.8-15.8m, up 100-114% on pcp (FY20 $7.4m)
• Group EBITDA margin forecast of 23-24% compared to 16% in pcp
• Strong financial position with consolidated net cash forecast of $17.0m and no debt
NB: All figures compare 12 months to 30 June unless otherwise indicated; FY21 forecasts are unaudited and in A$m
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