Having made a living for many years in the transaction processing sector, the huge upside of this sector is the "low cost of revenue" which for the big 2 of this sector MA & V (is between 0% & 3%) being at the top of the food chain.
From my time working for one of the big 2 , there was always an emphasis on reducing costs & remaining competitive.
(Visa)
For SPT the cost of revenue is 16% or a gross margin of 84% which is still awesome!!!. Where the current business needs to improve is to reduce the operating expenses.
Failure to do so means shareholders capital is being eroded due to capital raisings (last one $10m) required to
keep afloat until we reach a certain scale in revenue (at least 3 times ? ).
As a shareholder I would like to know what measures are in place to try to reduce the operating costs
until we get revenue to a sufficient scale so we can avoid any more capital raisings ?
(SPT)
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