Atomos may have a new target market with coaches, tutor’s and teachers nowaday’s coming online!
Recent improved fundamentals show month on month increasing revenues as follows:
July ’20 $2.975M (+50% on 2H FY20 average)
Aug ’20 $3.173M (+60% on 2H FY20 average)
Sept ’20 $3.967M (+100% on 2H FY20 average)
“Atomos’s recovery against the second half of FY20 continues to progress well. Given the recent strong September, which was over double the average monthly revenue compared to the second half of FY20, average monthly revenue for the year to date is over 70%+ up in comparison to the second half of FY20.
When combined with the lower cost base and a strong balance sheet, the business is performing well and is poised to continue on its path of growth and improving profitability.
As a result, AMS now anticipate returning to pre-covid-19 revenue levels at the start of calendar year 2021 and with a more streamlined & cost-effective operating base.”
“AMS lies in the middle of a wide & strong rising trend in the short term and a further rise within the trend is predicted. Given the positive short-term trend, the stock is expected to rise 77.16% during the next 3 months and, with a 90% probability hold a price between A$1.19 and A$1.35 at the end of this 3-month period.” *unable to post/share relevant link sorry
DYOR as always.. Cheers tela
Today’s AMS share price, stock chart and announcements. View dividend history, insider trades and ASX analyst consensus.
P.S. Pre-Covid.. AMS was trading up around $1.80 levels so some ‘serious upside potential’ methinks going forward if they can continue to ‘tick off all the boxes’ so to speak