Ann: Quarterly Activities Report and Appendix 4C, page-7

if ARR is the game you would be absolutely correct. it would be pathetic

but the business has pivoted - it only matters about the success of the direct sourcing and US penetration.

avg rev/client approx 300k annually

12 month ramp up and on boarding for new client revenue

18 clients already won in the last 12-18 months with 36 forecast by June next year. only 3 contributing to the revenue line right now. the partners are an interesting component of this which should accelerate the penetration.

42 the break even with 5m in the bank still on our base case.

if you map the above you will find the leverage of this opportunity is quite large.

current run rate quite acceptable if the focus is this

I've not followed what looks like the tragedy for former shareholders but if you look at it with a fresh set of eyes you might just see that looking at ARR is the peering in the wrong window for the future.