Finally some transparency.
AAA launch in February 2023 (ANN 14/02/23 - AAA available for download at both Apple and Google app stores)
June 30th 2023 quarterly report states AAA launched in 19th April 2023... (I think the company getting caught up in the bs they release they forgot their timelines.)
Same quarterly states Company expects generating meaningful revenue in Q3 now that the AAA app is launched...
Wait for it...
Total revenue from customers in Australia since product launch (and with 7,040,311 impressions on the app): US$75.00
So, in my opinion, they're blatantly lying and know very well from the performance of the APP that it will unequivocally not generate meaningful revenue in Q3.
Assuming the US$75.00 reported revenue from Australia is solely from the AAA app, that's ~$115.00 AUD. The app is a A$19.95 subscription cost. That's less than 6 subscribers, for 1 month. Or 2 subscribers since the app being available for 3 months - April to July (if we're going by their now-amended April launch).
The numbers don't lie, people do. My guess at the start of August was 6 subscribers... I was bang on if there were 6 subscribers for one month.
Reality is a lot harsher though, being that the app actually did launch in February 2023 (as per their 2 announcement), so really the subs would be more like 1-2 ongoing paying subscribers.
I think my math checks out. If not please correct.
IMO, and DYOR especially with this company. Skip the fluff and attempted hype, the real story is all the in the figures.
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