Australia lone has a good growth trajectory, people are buying the product and using it. $45 a month annual average subscription in Australia is $540 a year per user (not sure if includes GST or not), this equates to $5,400,000 if we only hit 10,000 users. With people talking, bigger retail footprint and wider adoption I would be hopeful as can get close to this by 30/06/2022. We see 70% of this revenue and remaining amounts may cover costs inside the JV but right there is a nice little annual pay day!
I would have liked more detail and a separate investor pack but I think they are still playing the Zoleo sales low key and keeping a lid on it. Be good to see some ideal of July/August tracking and some graphs on subscriber revenue and the growth etc.
Ann: Beam Delivers Record Revenue and Profit before Tax, page-7
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