https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02655200-6A1145500?access_token=83ff96335c2d45a094df02a206a39ff4
This shows the maturity of the company and its ability to attract top talents.
Top talents are not cheap yet 3DP stated it'll continue to be cash flow positive.
- Cash receipts of A$3.3m and it'll be a cash flow positive quarter, which is a trend expected to continue in Q4 FY23 and beyond. No need for capital raise anymore.
- Program delays were expected to resolve during Q3 and Q4 FY2023.
- "a process that is expected to further add to growth in ACV via the expansion of existing contracts and the addition of new subscriptions"
- "ACV is not expected to be lower than US $20.1M"- Joe Gerczack as the new Chief Growth Officer (US Operations). He was in charge of Smartronix's cloud market segment business which totalled US$250m in ACV when the business was sold.
- Anthony Roe as the new Chief Growth Officer (Australasia and EMEA). He ran at IBM for 14 years where he led 20 consecutive quarters of double-digit revenue growth in Europe.
- Milan Bogunovic as CFO to offload some work from Ian Olson.
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Ann: Trading & Operations Update, page-22
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