VR1 10.5% 2.1¢ vection technologies ltd

Ann: Half Yearly Report and Accounts, page-26

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  1. 7,051 Posts.
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    TenX was wetting his pants at the addition of 'The number one most respected medical guy in Europe' to Vection Health....no comment now when Dr Carlo has now officially left? He left ages ago, they just finally decided to inform shareholders, unless I missed an Announcement?
    Cashflow- $6.8m in Receipts. Over $7m in payments to suppliers and employees.
    The problem is we do not know the recurring revenue being made, so as most of the revenue appears to be one off set ups, consulting and hardware sales then as revenue grows the low margin of what they do will see costs also rise substantially.
    $24m revenue will probably cost them $26m to make, this half's $4m impairment will help the full year results seem better, make a note.
    They could hire more developers in India and subcontract them back out for some additional revenue if times get tough.

 
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