Beat me to it... I find this switch (3 months in) from opt-in to opt-out to be very telling of uptake numbers... at least with the switch we have 45000 businesses from BNZ which are now getting familiar with the 9SP offering.
Still disappointing to not hear of progress from BoA... yes, we have all been impacted by corona... but Feb2020 is now half a year ago.
IMO active users is a key metric for shareholders to understand our potential revenue base...
The Microsoft news is also reassuring
Agree with @speculativet in that there is no clear guideline for what they hope to achieve in the year ahead... all about celebrating the milestones past. Path to cash flow breakeven certainly pegged to increasing revenue as it has been clearly stated that there is no further cost savings to be had.
"Moving forward, our net cash flow burn on a constant basis will be in aligned to our accrual performance"...
last year loss was 4.9 million (which included one off payments BoA) ... prior year was 9.0 million - cash burn likely to be between the two - IMO cash be good for at least a year for VISA/Fundation/Microsoft deals to start providing fruit.
9SP Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
