"As Susan mentioned, monitoring and reviewing how we spend our capital is a key focus of the Board and management team. As you will be aware every dollar of capital we spend is directed towards building our SaaS platform solutions. Since my arrival I have worked with the team to identify opportunities to better focus our effort and development investment on delivering the functionality and innovation demanded most by our clients now.
At the investor day in late 2022 the team forecast that Vista Group would become cash flow positive during 2025. By sequencing our development investment to more closely align with client functionality adoption, I am working with the team on ways that we can accelerate this timing.
Simplicity, operational efficiency, and client centricity will be at the core of the changes we make to set the business up to succeed into the future. I look forward to talking more about our progress over the next few months."
Softly softly but flagging more cost and cash flow focused approach.
VGL Price at posting:
$1.27 Sentiment: Buy Disclosure: Held
