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
- Forums
- ASX - By Stock
- 4 weeks until Q4 4C/Activity report
Whilst it obviously would have been great see better YOY revenue...
-
- There are more pages in this discussion • 53 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BET (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.1¢ |
Change
0.003(3.41%) |
Mkt cap ! $87.82M |
Open | High | Low | Value | Volume |
9.0¢ | 9.1¢ | 8.8¢ | $17.22K | 191.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1668 | 8.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.1¢ | 46468 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1668 | 0.088 |
5 | 313911 | 0.085 |
1 | 12000 | 0.083 |
1 | 585 | 0.082 |
2 | 115000 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.091 | 46468 | 2 |
0.093 | 99039 | 1 |
0.094 | 29758 | 2 |
0.095 | 50500 | 3 |
0.096 | 300000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
BET (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online