Thanks really good info as per usual. Interested to see what the model is now predicting.OK.
So here is what I get for numbers:
Q4 must be $18.5m BTM sales (to total $59.6m for year as Q1 to Q3 totalled $41.1m) = WELL ABOVE THE $16.2m THE MODEL PREDICTED
June must be $5.8m BTM sales (to total $18.5m for Q4 as April + May was $12.7m) = EXACTLY AS MODEL PREDICTED
BARDA was $5.7m in total = MORE THAN EXPECTED
OTHER is not fully disclosed for the year as in Q3 it was mixed with BARDA. However, its a minimum of $0.5m and yearly total revenue for FY23 is shown as $66.5m so other must be $1.2m in total for FY23.
All in all, a great set of data.
Now to add this data in and adjust the models for FY24 predictions.
OK.
So here is what I get for numbers:
Q4 must be $18.5m BTM sales (to total $59.6m for year as Q1 to Q3 totalled $41.1m) = WELL ABOVE THE $16.2m THE MODEL PREDICTED
June must be $5.8m BTM sales (to total $18.5m for Q4 as April + May was $12.7m) = EXACTLY AS MODEL PREDICTED
BARDA was $5.7m in total = MORE THAN EXPECTED
OTHER is not fully disclosed for the year as in Q3 it was mixed with BARDA. However, its a minimum of $0.5m and yearly total revenue for FY23 is shown as $66.5m so other must be $1.2m in total for FY23.
All in all, a great set of data.
Now to add this data in and adjust the models for FY24 predictions.
Hi kickEnded up gardening all arvo
Will get them today for tomorrow. Am working on them now.
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High @basiacHi kick
Ihabe found the following in todays the Australian article
Wilsons analyst Shane Storey downgraded the company to underweight in May and has maintained that rating after it flagged that US sales of its NovoSorb BTM product were slowing, which he described as a “red flag” at the time.
Have you noticed any slowdown in your analysis ? I know that for some reason they put the US sales in US$ and they did look low....but is it a developing trend?
Done - see post below ...Any updates on your sales projection graphs Kickit?
Thanks will be interesting to see how it plays out over the next year.Projection variations from modelling new data:
Using the model that is fitted to monthly data from inception:
Adding in final Q4FY23 data
Old rate of change: 0.0252
New rate of change: 0.0258
i.e. The rate of growth has accelerated - again - marginally
Old projected BTM sales for FY24 was $78m
New projected BTM sales for FY24 is $79m
New projected BTM sales for FY25 is $103m
New projected BTM sales for Q1FY24 is $18m
i.e. Showing the marginal improvement on rate of growth that Q4FY23 data indicates
Using the model that is fitted to monthly data since Jan 2021
New projected BTM sales for FY24 is $90m
New projected BTM sales for FY25 is $128m
New projected BTM sales for Q1FY24 is $19m
Summary:
1. The rate of growth of growth is still showing an acceleration.
2. Q4FY23 gave only a marginal increase
3. The "since inception" model is a good baseline to check future data against
4. The "since 2021" model is a good upper limit for your imagination
5. Reminder this is only BTM (product) sales and does not include BARDA (also growing) and OTHER.
What did your model predict would be sales for FY23? I think it was on the old website.There is also a predicted continuation of the fall of the AUD exchange rate due to China's issues - so we may get an unplanned bonus in all of our revenues next year.
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I hadn't been keeping records of that type of data so had to crawl back through my notes.What did your model predict would be sales for FY23? I think it was on the old website.
Thanks
CheersI hadn't been keeping records of that type of data so had to crawl back through my notes.
Looks like; (From Qrtly model)
Projected FY23:
At end of FY22 = $51m
At end of Q1FY23 = $54m
At end of Q2FY23 = $56m
At end of Q3FY23 = $58
Each time new data is added (qrtly) the model resets to fit all data including the new data.
This spiralling upward effect is what we are looking for, and for it to keep increasing its rate of growth, as it has been. We want the numbers to keep outpacing the model as it is fitted to old data. So, not just bigger numbers, but increases bigger relatively than the last increase. That's acceleration.
Remembering these numbers are only BTM (product) sales, the most recent projection was $58m and the actual was $59.6.
Doing that I used monthly values to get enough data and it projects FY24 to be $105m!Cheers
I was interested in end of FY22 - which is a big change from 51 to 59.6 (as you say)
Yes I was interested to see how the numbers were outstripping the model to see the acceleration.
Also interesting that even by Q3 the growth still outstripped the model by a fair bit.
If you dont mind 1 other question. If you limit the model to just 2023 data what does it predict for FY24 sales?
I see the model now as having two main purposes:Great thanks - it will be interesting to see in 12 months time which was the closest