Forum Topics DRO DRO ASX Announcements

Pinned straw:

Straw deleted
Strawman
Added 10 months ago

A happy holder here too @Rocket6 -- and agree that the results are very encouraging.

When we caught up with the CEO about 5 months ago, he essentially told us to expect $70m in FY inflows, and the company managed to post a slight beat with $73.5m -- 5x what they did in the prior year. Most of this came in the final quarter, itself 5x higher than the previous record.

He also suggested $300-500m in revenue within 5 years when we met with him, which seems increasingly possible given the sales momentum and strong (albeit depressing) tailwinds.

We've all had a reminder of the perils of focusing only on top-line growth in recent years, so to see a strong FY pre-tax profit of $4m and a cash balance of almost $58m is very satisfying. A PE of (roughly) 55x doesn't seem outrageous given there's around $400m in the sales pipeline.

I'll see if Oleg is available for another call after the audited results are out in Feb.

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NewbieHK
Added 10 months ago

@Rocket6 if I see it correctly I read it as R&D spend @ 269k with product manufacturing and costs at 14.66m as the greatest cost. I think by not having a space between these two costs one could read it as R&D. A little bit of slight of hand perhaps? Or someone simple forgot to hit return? Anyway great results and reflects as @Strawman noted what Oleg told us when he spoke to us.

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Rocket6
Added 10 months ago

@NewbieHK you are spot on, I only had time for a quick read this evening and was wondering about COGS throughout the day. Should have checked your comment and re-consulted the announcement. I plan to get stuck into it in more detail tonight. Thanks for pointing that out.

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