The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Some interesting commentary from verde in the announcement.
https://finance.yahoo.com/news/verdes-revenue-grows-190-271-100000670.html
https://blog.verde.ag/solo/entenda-o-que-e-o-kamafugito-e-suas-aplicacoes-na-agricultura/
They will present last years q1 figures for comparison at the end of this month.
If we assume Q1 sales are our lowest quarter then we likely only sold around 15kt during last years q1 so to be on target for this years annual sales target we only need to deliver 20kt this q1.
Talk of 30kt plus sales this q1 would represent a 100% plus year on year increase in delivered product. I'd love to see this happen but you shouldn't expect it as this only build up the hype and causes disappointment when solid but not exceptional sales figures are reported.
Last year q1 and q2 invoiced sales totalled 35kt. This year the company are forecasting a 33% increase in total invoiced sales this year. That would take q1 and q2 combined sales up to 47kt on a pro rata basis so don't expect massive numbers from q1 only to end up disappointed later.