Ann: H1 24 Results Investor Presentation, page-9

Profit is up because of the impairment in the prior period (crypto?).



Otherwise, General and Admin Expenses are looking quite expensive: $6.9m -> 7.7m while revenue is down. At least marketing cost is down.





Cashflow statement:

• There was a decent sized buy-back (0.5% of shares on issue, $179k).
• Cash from operations, +$1.3m
• Payments for intangibles, -$1.3m. Seems to be software dev, after writing off crypto and some of the app.
• 
  
• It says 'in progress', so I guess that's $1.3m invested, for a feature not yet released, like a new app, or new revenue-generating feature.
• Overall, cash negative for the HY.
• The profit probably ended up in that 'intangible asset development'. So an increase in value of underlying tech, if it doesn't get written down again.
• I'm not sure how they're going to fund 20 additional staff. That would eat up the profit.