A promising report with gross revenue continuing to grow. Up by my calculations 28% from the previous quarter.
Whilst revenue continues to grow shareholders can have high expectations.
Expenditures were also well up, primarily to purchase Starlink products for future sales and enhancement of existing software. All of these additional expenditures will further bolster revenue in the future.
Most of the increased revenue comes from the sale of software and from growth in orders from the Australian based related entities.
No mention was made of China that I could see, which is not a bad thing. China's economy is suffering at the moment and any recovery in China in the future would be most beneficial to NET.
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