"To end June 2006 gross sales should rise to £750k enabling to clear £600k after supplier costs. This level of activity would narrow Tecteon’s operating losses to £100k pa. To get to net earnings a key factor is the board’s ability to secure new sales in 2006. A move towards a more sales orientated approach is vital in our view". well Teo can argue if they can either some sales from:
-tc1000
-tc2000 above the contractual target to pay bonus over 900k
-new rdp3 with whoever buys it
-mobile markets sales
We can move to net earnings in 2006 to satisfy our house brokers.
The only downside to this is that 2 of the 4 products are not likely to be in shops much before the year end of 30/6/05. So we MAY now I think have to think of 2007-2008 before C3/qstik scales up to allow possibly some degree of profitability. For folks like me this is one long haul IF I have to wait another 12 months before a rerating from 2p sp becomes more possible?
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