NOV 0.00% 5.5¢ novatti group limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-18

  1. 5,169 Posts.
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    What a great quarter and overall result.

    Highlights

     $5.3m in quarterly sales revenue – new record and up
    49% year-on-year

     Processing revenue up 100%+ year-on-year – marks
    10 straight record quarters

     $19.9m - cash balance at the end of the quarter

     $40m+ capital raise completed

     Agreed terms for acquisition of leading SE Asian
    fintech ATX, with further acquisitions being assessed

     Continued international expansion with Verv in the
    EU and Ripple in South East Asia

     Discussions commenced with Reckon on servicing
    their customer needs following strategic investment

     $10.5m committed in Series A funding round for new
    banking business – working with regulator for final
    approval

     Acquiring business live and generating revenue



    How we are sitting at 43 cents and not $ 1.43 is beyond me...

    Screaming BUY IMHO. Please DYOR.

    All the best to shareholders

    Gracie



 
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