8 Feb 21: SDV released their 1H21 result. Revenue was A$18.3m up an impressive +300% yoy. EBITDA turned positive to $0.94m (from -$0.02m). Turned a slight profit of $0.43m (from -$0.19m). Free Cash Flow (FCF) was -$4.9m though which the company attributes to timing issues. Cash was $7.1m.
At $0.755, the market cap is $107m, which at an annualised Revenue run rate of >$35m, is an EV/Rev of less than 3x.
All the sectors which SciDev target, Mining and Mineral Processing, Oil & Gas, Infrastructure & Construction, Water and Wastewater all have multi billion dollar total addressable markets.
If SDV continue to excute like this half then it will be one to keep an eye on.
(Disclosure - I hold)