The results are better than I'd anticipated. Key takeaways:
- Continued top line growth
- Significant reduction in operating costs
- Imminent cash injection of $8m+ from the Reckon disposal
- Strong balance sheet with no requirement to dilute existing shareholders
- Strong performance in the context of the volatilty within global markets
- Macro level shift to digital payments shows no sign of easing and supports Novatti's growth strategy
- The prospects for the stablecoin appear strong based on cross border payments being Novatti's largest growth segment.
- Multiple revenue streams across global markets - highly diversified
Without question, the most important takeaway is the management's ability to execute and innovate.
Congrats to Peter and the team for continuing to knock it out of the park!
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