RE: Results 7 September7 Aug 2020 12:46
When they posted the final results in April, they stated that secured revenues for 2020 already exceeded total revenue for 2019. So I think it's safe to assume they have a recurring run rate coming out of April 2020 of around £90k a month. They achieved £479k in the six months to June 19. If the monthly run rate coming out of April was £90k a month, it's hard to see how the first six months revenue would be more than circa £600k, allowing for any additional income generated in May and June. This would be a circa 25% uplift from the comparable period last year. I think the second half will be stronger, as it should reflect the revenue from more recent contract wins. Nothing groundbreaking yet. They really need to secure some major OEM partners, and then I think we will really see revenues taking off.