VR1 0.00% 3.0¢ vection technologies ltd

Ann: Half Yearly Report and Accounts, page-26

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    Hey thanks TenX. I work in the management stream of government, and used to detest the time and productivity losses of face to face meetings. If one good thing came from the pandemic it was the switch to online meetings. We are looking to a more interactive style of web based conferencing so rather than returning to "how we used to do it" we are leveraging off the change. I'll look forward to future announcements, and the positive tick and takeaway for me from the half yearly is that the TCVs are reasonably reliant upon as actual revenue (within range for small adjustment) so that will help factor in estimations around profitability. Definitely want to see that expenditure has produced something tangible, or, that it gets reigned in as a percentage of revenue going forward. Let's face it, tech companies actually making money aren't that common, so VR1 might be in rare air if they can turn that around.
 
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