The stemming of the continual cash burn is a huge positive as it knocks an imminent capital raise on the head but they are not a tech company and no longer global.
They are no more and no less than an ANZ/ America's FSP and command nothing more than a PE of 10-12 as per the sector, so only to justify the current market cap they need to be producing $20 million annual post tax profit not the bullshit EBTDA metric they keep relying on.
Quite clearly the ANZ business has peaked and is in decline and arrears and bad debts are trending upwards again.
Having said that its the first result i have seen that reflects having professional management in control which has been missing in the last 13 years.
Ann: Q1 FY24 Results - Zip achieves positive Group cash EBTDA, page-23
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