RE: It begins25 Feb 2025 20:26
"With the U.S. budget now approved, the Company expects to receive a number of new contract awards in the coming months. Additionally, it has expanded its government client base by partnering with established defence and intelligence contractors, which have strong government relationships and will help mitigate similar government budget approval risks in the future.
Narf projects that revenue for the year ending 31 March 2025 will be not less than $5 million, with the Company broadly at cash flow break-even at the FY end. For the following year ending 31 March 2026, the Company anticipates revenue of not less than $8 million, having fully navigated any impact from last year's U.S. budget delays. This guidance does not include a significant contribution from our Social Cyber platform development, and we would be disappointed not to see some incremental revenues from this platform over the next financial year. "