About as bad as it gets... but gotta say it is all priced in to the SP.
The only positives are that they've finally reduced their cash burn by a significant margin & reduced head count drastically...
I like the tabular representation of the clients in different stages & the associated revenues at such stages
I cringe when I actually look at the numbers though... geeeeez I am so frustrated with the seemingly lack of progress with this company & constant hyperbole regarding: "stronger than ever" and crap like that...
Stop waffling & actually deliver some meaningful revenue in to your shareholder base!
Oh & while i'm ranting; the whole quarter delivered 147k in revenue... and they go on to talk about their new sales wins but the revenue from those opportunities weren't material...?
When your baseline is 147k (which for the record I consider completely immaterial to begin with); what's an immaterial figure with respect to that? ASX guidelines say materiality is +/- 10%... so why are you bothering with opportunities worth less than 15k ?
Anyway; I'm glad they finally admit that it's all gone to poo... hopefully this is a 'reset' announcement.
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