$1 Club, page-26400

Yep - like some of us have been saying for some time that we are already at about breakeven. IDSB will put us in the black and as BNPL increases and we get the NTR up, this will also be income positive. Last quarter they said they spent about $650,000 on advertising with influencers, but also a reasonable amount of this was also for outdoor advertising that was going to run for up to 6 months. Staff wages and costs are already easily covered in profits from the digital side.If advertising stays consistent we only need to get NTR to the $650,000 mark and we are well in the black.

Shame they don't highlight more how profitable their mobile transactional business is. Hitting close to 90 million transactions for the quarter, this is starting to add up to a decent sum of money but I don't think the market gets it. Hopefully government will scale back the delay in payments soon so it can all be reflected properly in the appropriate quarter.