RE: Just the beginning30 Sep 2021 13:06
so revenue is 32 mill gross profit of 8 mill , or 25% gross margin.. other overhead costs were 16 mill to make a nett loss of 8mill.
s oif costs are saved as they say of 5.7 mill annualized or 2.8 mill in the second half then overheads for the second half will be around 13mill. thus full year overheads will be 29mill... to break even revenues have to reach 130 mill annulaised..In the meantime they are burning cash at an alarming rate and will have to come back to the market to raise money around December