Wait so yearly recurring revenue grew by $400k in a year
The cost of sales doubled but they ONLY added $400k in revenue. Can someone help me out here? lol
So they are now hemorrhaging $21.3m a year, they would need to bring in $50m in sales per year IF we say the GP is 50% which we know is not likely.
Cash in hand was $11.6M on the 30th June 2023 so I assume that is down by $2m since then. So at this rate they should run out of money by December...................
Maybe I am reading this wrong and this is all healthy for shareholders? /help me out here please
