RE: Rev £28M+25M = £53M and mkt cap £12M!4 Jan 2021 17:05
magmanus, 28m was last years revenue 2019, cant find 2020 forward looking expectations, though to be fair i haven't over looked for them , but for the last three years that has dropped each year and don't see that as being any different for the 2020 accounts. Also you can't add the whole of the new contract win to this years revenue, its a three year contract, so that's only £7.5 m per year, and that won't kick in until next years accounts. So i'm estimating next years revenue including the contract win being at about £25m, which is a long long way away from yours. Fag packet maths i know, contract wins are great, and i hope they have many many more of them, but the figure that worries me the most is the £30.4m of debt.