GREY:SYXXF - Post by User
Comment by
techiyon May 15, 2014 5:56pm
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Post# 22567458
RE:traded
RE:tradedThe last news release says, about 12,700 kilometers of survey area will yield about $1.2M . From simple math we can estimate that each thousand kilometer of survey contract equivalent to $0.095M revenue.
Now based on it the estimated revenue that they have secured so far can be inferred by analyzing their press releases. From January 16, their secured new survey length for this year is, (6000+4,300+3000+1500=)14,800+past multi year contract customer is about 2,200+12000 = 29,000 KM survey area, secure so far.
Remember 1000km equivalant to $0.095M of revenue. So, from simple math 29*.095M=$2.75M.
hmm so the projected revenue that they have secured so far is about $2.75M for this year. which is 4 times more than last year($0.7M).
According to this simple math they still need a new contract of 3 thousand km to cross the projected revenue of $3M for this year, which I doubted before.
cheers,
techiy