12:21pm 1 microgenix wins breakthrough defence co, page-2

  1. 840 Posts.

    The value of the contract is A$1.1M - the contract commences immediately & is expected to be completed by Oct 2006.

    I don't know what their profit margin is - but whatever it is AFT receive 50%.

    Let's give them the generous 50% profit margin of A$550K - which gives AFT A$275K profit over a period of 3 years.

    I think they will need many more of these contracts to vindicate their $11M+ market cap.
 
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