I quickly outlined next year in a table and got these numbers. What do you base your own estimate on?
This calculation is missing Magnus, for better or worse.
Sources:
Expenses and equipment sales 2023 annual report page 15 https://www.nexstim.com/fileadmin/Downloads/Financial_Reports/Nexstim-VSK-FI_FINAL.pdf
Recurring revenue 2024 H1 results page 6
https://www.nexstim.com/fileadmin/Downloads/Financial_Reports/1.1_Nexstim_Plc_Half-Yearly_Report_H1_2024_FI_FINAL.pdf