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Last edited 2 years ago
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#H1 FY2023 results
stale
Last edited 2 years ago

The half yearly report came out after close and it's a monster. Revenue was up 194% to $19.3m. Profit after Tax up 834% to $3.9m. Free cash flow of 'only' $3.1m as inventory is up - but overall this is the break out result investors have long waited for.

We probably shouldn't have been surprised given the orders the company had previously announced but the lack of shareholder engagement and supply chain delays had meant many weren't going to believe it until they actually saw it. Now that it has come - and given there's still so much of just the existing orders to fulfil - it's going to be very interesting to see what the market thinks of it tomorrow.

For me this is the standout result of an admittedly disappointing reporting season.

@Wini is likely to be sitting back with a brandy in one hand and a pipe in the other tonight!

[Held]

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