Ann: Appendix 4C - quarterly, page-23

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MaryJane55

591 Posts.

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30/01/19

20:36

Post #: 37270921
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Originally posted by MaryJane55: ↑

Unlike most it seems, below my expectations. Would have thought more into Xmas, so these integrations better be big when/if they do hit because they must be pouring everything into them.

Not happy with the lack of commentary around aspects of this report. Really relying too heavily on the reputation/integrity and ownership structure (and expansion of ownership) of independent directors. Cash in bank also makes me feel better. But I think we deserved more info there, you can only claim being gun-shy so long.

So, the tea leaf speculation (and anger at this speculation) will continue by virtue of this limited info and insight. But doubt there will be more info until the next 4c, so...

The interesting parts for me (and please double check yourself):

Product Manufacturing and Operating Costs increased from last 4C. 95k to 541K, or 569%.

Meanwhile...

Research and Development Costs decreased from last 4C. 1.335m to 812k, or 60%.

This follows the staffing cost jump that occurred in the Q prior to this one, and transactions to revenue average continuing its drop (towards 12c?). They have claimed that enterprise are still on-boarding, the above doesn't exactly contradict that, but as yet results not filtering to the bottom line. Question remains, do you believe them?

Time will tell.

All only IMO, DYOR.

MJ

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Sorry, knew I was too tried to be doing this, looking at the wrong column when I was typing:

Product Manufacturing and Operating Costs increased from last 4C. 95k to 541K, by 469%.

Meanwhile...

Research and Development Costs decreased from last 4C. 1.335m to 812k, by 39%.

Apologies,

IMO DYOR

MJ

GSW Price at posting: 54.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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