Earnings call was good, very comprehensive and Glenn tackled all of the questions without flinching. It seems, however, we are not going to get much anymore by way of contract win updates, so I do wonder from an IR perspective what news flow outside of quarterly reporting we can reasonably expect to see? Just regular scheduled quarterlies isn’t particularly exciting for the markets.
The IKE comms are pretty few and far between already, and while I do prefer that the focus is on growing the business and revenue, as a listed issuer they still need to encourage liquidity in their stock on both exchanges and recognise that not all investors want to look at a stagnant share price for 5 years+ before seeing some growth there too. Today’s lacklustre response from both the NZX and here (to 93% y.o.y. revenue growth, still with no debt, adding a new utilities customer a week, favourable forex, and given Glenn’s signals that opex is contained) demonstrates this perfectly.
End of month I guess we will see the numbers on expenditures and progress to cashflow positive.
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