Nobody go to your thread in YFH??? You should be worrying about YFH after XD.

Don' t need to worry about Addvalue, things can only get better from here. Potential multi-baggers like AEM, with their proprietary technology.

This month end FY2023 results should break even or make a small profit.

" At present, 7 IDRS terminals of the Group are operational in space and generating airtime revenue and up to 21 new satellites equipped with IDRS terminals are expected to be launched into orbit within the next 12 months. As more IDRS terminals are launched into space, the airtime revenue from IDRS business is expected to increase in tandem in the foreseeable future.

To date, we have an outstanding order book of US$5.9 million for IDRS terminals (including the balance of 15 units of optional orders). In the last financial year, our IDRS related revenue was US$3.25 million and we expect our IDRS business to continue to grow in the current financial year and beyond as we are still experiencing strong demand for IDRS terminals from both new and existing customers."

Reversal & Potential Takeover By Inmarsat Or Government Linked Company Due To Defense Technology.

DYODD As Always!

The Group has recorded a 52% increase in revenue to US$2.46 million in 1H2023 as compared to US$1.67 million in 1H2022 and achieved positive operating profit of US$101,000 in 2Q2023 as compared to a operating loss of US$750,000 in 1Q2023 as well as achieving positive EBITDA of US$363,000 in 2Q2023 as compared to an EBITDA loss of US$512,000 in 1Q2023. We are encouraged by the growth in revenue achieved in 1H2023 as compared to 1H2022 as well as the achieving positive EBIDTA and operating profit in 2Q2023 as compared to 1Q2023 and we expect the momentum to continue for the next 12 months based on the following:

1. With the recent series of fund-raising exercises, the Group has strengthened it&rsquo s balance sheet, with the improvement in its gearing ratio from 239.0% to 31.8% as well as its working capital position which has enable the Group to aggressively expand its sales and marketing activities and also to secure critical components in a timely manner to support production and fulfilment of orders received.

2. The Group has an outstanding order book of US$6.6 million which barring any unforeseen circumstances is expected to be substantially fulfilled in the current financial year.

3. On SPC business relating to IDRS, we continue to experience growing interest as we secured our 11th IDRS customer and is now ramping up production and sales activities to ensure timely order fulfillments and to build up our order books for both current and next financial years. We will be providing more details about this new IDRS customer in a joint press release shortly and we also expect to receive repeat orders from existing customers in the second half of the current financial year.

4. Our ADR business relating to Software Defined Radio and agile communications modules is fast gaining traction with a current order book of US$3.9 million. In particular, our newly launched ADRS1000&trade module, a state-of-the-art 16-channel Direct Sampling re-configurable wireless System-on-Module (SOM) to target emerging sectors like the 5G, mobile satellite and optimally designed for counter drone market has generated significant interest with initial orders aggregating US$1.1 million and we also expect more orders from both existing and new customers in the coming months.

Barring any unforeseen circumstances, taking cognizant of the above, we are confident that the Group will perform significantly better in FY2023 relative to FY2022, and we expect the growth trend to continue in the current financial year

Game-changing products need time to be tested and proved effective, before the Mass Market rush in and become the norm and standard must have.

For Addvalue, it' s not only about the sales of IDRS, but more on the subsequent air-time usage that built-up a recurring income over years of the satellites effective lifespan.

Compounding Effect Takes Time!



 

Home Grown Tech Co., wait for A Star or Temasek to take note.

Need to speed up on lauching the IDSR to enjoy revenue from air-time, something uncontrollable by the Management. The Compounding Effect of the revenue from air-time will be exponential in few years time.