100% agree
Their customer turn rate (in terms of cash received) is like 400% per year
Cash receipts went from 241K Q1 to 117K Q2, so they lost about half their customers in 3 months
Something is fundamentally wrong with the product, plus they reduced staff numbers from 17 to 11
I listened to Catriona do a guest speaking slot at an AFR event today on AI. Really interesting talk about the ethics of AI. Though had nothing to do with the skills required to run an AI startup.
Ann: Quarterly Update and Appendix 4C Quarterly Cash Flow, page-33
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