12/16 achieved by the management in last 8 months. It is quite a track record.
1. Turning profitable by Jan 25 --> EBTA Profitable quarter in Q4 FY24. Q1 is a weakest quarter but Q2 is expected to be good quarter. Management has confirmed the guidance.
2. Launch partnership with Knuula ( pay now volumes in US should increase after 3 months of its launch). ✅
3. Launch of integration with Thomson Reuters ✅
4. Launch of new website ✅
5. Launch of client portal ✅
6. Partnership announcement for co-branded payment solution by Dec 24. ✅ (partnership with mango)
7. Launch into Canada by March 25. --> Dont think this is happening. No commentary yet from management.
8. 40% + revenue growth in revenue in 2H FY24 and 1H FY25 --> ✅ in 2HFY24. Q1 growth has been at 33%. Q2 revenue growth of 22%.
9. Expenses should remain stable or grow slower than 20% --> ✅ in Q4FY24. Expenses have remained steady and have not grown. Waiting for 1HFY25 results.
10. No change in top level management team in US ( Kathleen , Chris, Jennifer , Rafael , Shari , James and Dave). --> There has been a change in focus for the company and the management team has been trimmed to maintain focus on Connect integration. I believe it is a good strategy. It is time to focus on operations and get the execution right.
11. Announce strategic alliance tie up ( similar to BDO , IRIS etc)
12. New payment method ✅ ( direct to bank launched on March 30th 2024)
13. One LinkedIn post every month from May 2024 to June 2025 ( with more like and comments ) --> ✅
14. QFE Connect subscription model ✅
15. New payment portal - Q2FY25 --> ✅ Management has confirmed that the payment portal has been launched.
16. New connect integration in Q2FY5.✅
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