Thought it a solid report. Another cash flow positive quarterly for a $20m MC company might be an expectation that’s built in but for a company that’s up 80% to $4.5m it’s fairly remarkable.
The comments around having never lost a major contract also speak volumes. The Victorian license being obtained sounds fairly positive too. Does this suggest a geographic expansion or do they already operate there?
Was hoping to see another solid step in revenue from the recently won business however looks like that’s likely to show next Q
There’s plenty of companies out there with less growth, less revenue and bleeding cash that are up around the $20m valuation meanwhile this trades like a shell.
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