4 weeks until Q4 4C/Activity report, page-91

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30/07/24

19:11

Post #: 74988807
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Appreciate your post………maybe we have a chance to take back the toxic BET threads

Originally posted by Brett M H: ↑

Whilst it obviously would have been great see better YOY revenue growth & to be slightly cash flow positive & EBITDA positive in the quarter, this business is clearly heading in the right direction.

Nett cash operating loss has reduced to just $487k (so the previous big cash losses have stopped), and the business is "better sized" now particularly with regards to their staff costs

And they have significanty improved their products / platform - which will allow them to scale up really cost efficiently going forward.

BET have a number of partnerships that are only just commencing, and this will hold their revenues in good stead for the years ahead.

Albeit they were not quite the cash flow numbers that we wanted, IMO it is also pleasing that this business has become far easier to predict - with the predicted numbers I posted a few weeks ago less than $500k out overall.

Now looking forward to some further good news on new partnerships, the fixed odds rollout in the USA, continued disciplie on their costs / overheads etc

Expand

We have some interesting Partnerships that expand our services into the sports betting and iGaming arena.

Slow growth has to be expected in this local economic environment and we are in the consumer discretionary field.

BET Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
2 Upvote

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4 weeks until Q4 4C/Activity report, page-91

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4 weeks until Q4 4C/Activity report, page-91

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