"But napkin maths tells me even with this level of dollar growth in new payments business (both actual and expected) and revenue we receive, annualised it’s still just barely covering the overheads on staff alone.."
Barely???!!!
It doesn't even come close.
At $3m per Q cash burn, SPX needs about $1.2B pa in payments flows just to break even on staff costs.
Ann: Release of Spenda AR v1.1 to support growth in payments flow, page-54
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1.1¢ |
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Mkt cap ! $50.63M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $33.21K | 2.959M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1177562 | 1.1¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 8905652 | 11 |
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| SPX (ASX) Chart |