EDE eden innovations ltd

Ann: Investor Presentation, page-26

  1. 2,209 Posts.
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    Agree with your sums Roaminoz...but the charts are sort of weird. We are being told ( or being lied to)...sorry, I meant led to believe... that from July to Dec EDE will sell 280,000 of the product but they will be cash positive in FY 2019. So they are going to ramp up from $280,000 in 1H FY 2018 to do $14,000,000 for the 12 months FY 2019 just six months after only doing$280,000 in the 1H FY 2018
    I DON'T THINK SO.
    I think they have made a mistake with their graph. They will do $700,000 to the Texas Bridge Beam company alone 1H FY 2018! I think they mean they will do $2,800,000 in the 1H 2018 not $280,000 otherwise the sales are skewed big time.
    Maybe I am wrong but hey...To have any chance of doing $13m to $14m in FY 2019 they need to do $2.8m in 1H FY 2018 yes?
    The graph is looking incorrect but, at least if this is a mistake, they will be sticking true to form.
 
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