RE: Strong bounce expected…..11 Jul 2022 15:35
So they have made approx £1million in the second quarter and the margins have improved again. Revenue generated by clients that the Group serves directly continued to increase during the first half to approximately 75% of total revenue compared with 28% for the first half of the previous year. A key contributor to this was the Group's Asia team that was brought on board in the second half of 2021. This change to majority direct revenue has had a positive impact on the Group's gross margin, which is expected to improve to approximately 61% for H1 2022 from 38.1% for H1 2021 and 51.6% for FY 2021. So lets say they make 3.9mill for the whole year say 40% profit margins. Don't think getting funding will be a problem and looks like they were told to put the going concern part in the rns.