Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-115

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    lightbulb Created with Sketch. 1452
    Gross profit means revenue less cost of goods sold.
    You then need to deduct any operating expenses that are not included in COGS, such as staff, rent, consultants (legal/corporate) etc etc.
    Don't assume that Limepay is profitable. I do not think they are, otherwise they'd not likely have been 'for sale'.
    IMO, Spenda thinks that collectively the combined entity will be profitable (not in September 1/4 though), otherwise they wouldn't have made the acquisition.
 
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