scotlouie20 Aug 2016 12:34
I've looked at the results and last years up to 30th June 15 revenue was £4.628 mill.
Staff costs £2.575 and operating costs £2.617.
The opex and staff costs seem pretty consistent with the previous year. with combined outgoings £5.2 million.
Revenue didn't cover it hence a loss. But the only new contract which was reported in that year was on 12th May 2015 with Hadley. It doesn't state whatmonies were received at that point-probably not all until product delivered.
Since then this financial year upto June 2016 we have had 4 contracts worth £1.7 million plus an extra £1.4 million shortly after which falls outside of that financial window.
So if the current revenue is maintained (of 4.625 mill) plus the extra £1.7 mill, I would say I would be looking at £6.3 mill revenue so a profit of £1-1.2 million is what I want to see.
The next financial year I think that will be more, but obviously I am only going on the data I have so assumptions need to be made.