Wages29 Mar 2024 04:59
I didn't receive an A in GCSE Math so do correct me if I'm wrong.
68,000 x 113 = 7,684,000
9,600,000 - 7,684,000 = 1,916,000 for 7 directors.
1,916,000 ÷ 7 = 273,714 avg per director.
So each year for future, company has to make 9.6M profit just to break even on wages so far.
With net spend at 12.8 loss and 27.4M in bank that's just over 2 years before either start turning profits or another share option is upon us to raise funds.
As the next 2 years are vital for sales, gov/ other funds, units on the ground, multi million £ contracts(with payments) scaling up the Ammonia cracker, 30kw units in production I fear a little that the revenue stream will take longer than the 2 year timescale if spenditure continues at this rate.
So to continue developing and deploying and upgrading to customer needs a fund raise will be open 12-18 months from now.
But if they can achieve two feet in the market( and very hard to enter) then growth will happen very quickly if managed correctly.
Just personal opinion and no agenda here.