We still have a heart beat. Operational runway for a further 18-24 months - and a lot can happy over that time-line.
Key points:
'Total cash receipts for the quarter were $274k, an increase of 58% from the previous quarter, all of which was recurring SaaS revenue'.
'REFFIND signed the following leading organisations during the quarter: Munich RE (ANZ), News Corp (ANZ), Optus (ANZ), Datacom (ANZ), Lumentum Holdings Inc (US) and WestCare Foundation (US)'. - But lost a few too!
'As per the Business Activity Update released in December, 2017, REFFIND will reduce monthly cash burn by 80%, from $400k per month to approximately $80k per month during the first half of 2017. This will be achieved through a series of cost-cutting measures across the business, including the reduction of annual director fees by more than 60%'. - Head count reduction!
We still have a heart beat. Operational runway for a further...
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