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1.32%

3.9¢ novatti group limited

Ann: Reckon Sells APMG Business for $100m, page-19

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WhatsupwithBas

1,711 Posts.

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20/05/22

15:31

Post #: 61528049
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Originally posted by Twitchh: ↑

Did you know:
June 2021 Quarter sales revenue: 4.9mil (19.6 mil annualised)
March 2022 Quarter sales revenue: 10.4 mil (41.6 mil annualised)

This represents growth of 2.1x in less than 1 year. And you’re here saying that 3x sales revenue can take multiple years? I disagree.
This company has proven it can make the right partnerships and acquisitions to excel their revenue growth. And just wait until we see the Reckon transaction fee revenue start rolling in.

in regards to cash burn, i agree it is an issue. However, a good chunk of this issue is because a decent % of employees and costs currently relate to a banking license we are yet to make revenues from.
One we either get approved or denied we can either increase revenues via banking license (if accepted) or decrease costs of those employees and application costs (if denied). This will help our cash burn a lot.
we now have a good chunk of cash to get through this period without needing any raises (barring another acquisition).

Expand

Completely agree.

And as Peter said in a recent webinar, "A large portion of our current cash burn could really be considered an investment in the banking license".

NOV Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.9¢		Change 0.001(1.32%)		Mkt cap ! $13.69M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.9¢	$6.841K	176.6K

Buyers (Bids)

No.	Vol.	Price($)
7	287499	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	102243	2

View Market Depth

No.	Vol.	Price($)
6	277499	0.038
4	477027	0.037
6	343794	0.036
5	253094	0.035
2	353333	0.034

Price($)	Vol.	No.
0.039	102243	2
0.040	212364	3
0.041	160007	2
0.042	100000	1
0.046	9900	1

Last trade - 15.43pm 18/10/2024 (20 minute delay)

NOV (ASX) Chart