Profit numbersJust trying to play with the numbers Spectra7 just released to give a rough estimate of the turnover needed to make a profit this year.
Raouf; "we expect to grow revenues strongly and achieve profitability in the second half of this year”.
I guess it does not mean for the whole 2021, but mearly the last month or quarter of 2021.
Estimating gross marging to be at app. 50% going forward.
Revenue for Q4 2020 was approximately $377K at 43% gross margin.
EBITDA2 loss of approximately $675K
So if we play with these numbers 43% of 377K is 162K + the 675K = 837K.
At a 50% gross margin they would need 1.674K turnover per Q4,2021 to turn profitable.
Or calculated another way;
Non-IFRS operating expenses in Q4 2020 were $986K
At 50% gross margin they would need a 1.972K sale to cover the expenses.
Rounding it up to a realistic app. $2 mill. or a yearly run rate at $ 8-10 mill.
That is not much.
Can it be right?