Great work management!
Cloudten & DWX
Cloudten at $930k in receipts for two months = $465k per month.
They've already increased from $316,666 per month ($3,800,000 revenue per year at the end of FY18) to $465,000 receipts per month. That's close to a 47% increase.
$465k per month x 12 months = $5,580,000. That's without any new growth factored in.
DWX is consistent which I like. It shows that the company continues to retain its loyal blue chip clients. Once integration is complete, that's when we should see significant scale across both businesses. Perfect for the company's strategic roadmap going forward for the two businesses.
An increase in TSN’s operating cash flow from $86,699 to $285,926, which includes $167,996 paid for Cloudten’s income tax that is reimbursable to TSN. $285,926 operating cash + $167,996 = $453,922.
$454k (rounded off) after adjusting for reimbursable income tax payment.
Total estimated cash outflows $3,463,000 for next quarter, which includes $1,500,000 Tranche 2 for Cloudten acquisition.
$3,463,000 - $1,500,000 Tranche 2 = $1,963,000.
TSI India
This is the only line I'm interested in...
"TSI India has embarked on operational efficiency improvement programmes to increase its profitability."
To increase its profitability. What that figure is exactly we don't know, but good to see e-transactions surpassing pre-demonetisation levels.
All the best.
Tony
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