MCE with a preso out from the BP Unearthed Conference. Key takeaways for me:

• FY24 revenue upgraded to $85m+ from $80m+ and firmer working around continued profitability inflection, although as with FY23, skewed to the second half.
• Also good to see advanced materials div showing some tangible progress with revenues to about double YoY to $5m+.
• Pipeline commentary remains positive (inline with sector commentary more broadly) despite more moderate oil price environment and sector sentiments. Offshore wind commentary seems cooler but that is not surprising given the issues facing that sector but not a thesis breaker.
• Cash $23.2m at Dec 23 end, $20m June 23, and other reporting was $23.5m Aug 23 and $24.4m in Oct 23 so seems they're keeping working capital tight as growth ramps.

https://announcements.asx.com.au/asxpdf/20240212/pdf/0609pg5xnxcdyj.pdf