RE: New 5 year deal23 May 2022 09:54
From the RNS: "PHC's revenue from sales of Saori to Nutrien is expected to exceed US$750k in the first half of 2022, growing to more than US$5m by 2025."
If sales were to increase by the same percent each year, it would require around an 85% increase is sales each year. to go from $0.75m to $5m. If growth could be sustained to 20% of the addressable market, sales would be over $40m a year by 2030 in Brazil alone. Unlikely, yes. But with 1 new product launch a year, the potential for total sales to rapidly grow is clearly there.