MNW seems to always be "just wait another 6 months" and you will...

MNW seems to always be "just wait another 6 months" and you will see something amazing.


Their revenue break up is interesting - their revenue from Goods Sold dropped substantially ($792k-$405k) yet their Services Revenue increased a lot ($270k-$921k).

My guess - they sold devices to the kiwi bank and these devices are now being used. Services revenue increasing is really good news and maybe some of these figures may take another few months to hit the bottom line:

- Transaction value (annualised) of $59.1M; up by 260% compared to previous corresponding period
- Transaction volumes (annualised) of 697.3K; up by 579% compared to previous corresponding period
- Cumulative users of 6.6K; up by 120% compared to previous corresponding period

If they're taking a cut of the total value processed (not guaranteed that they are) - then this is the number you want to focus on.