To answer your questions.- Not cashflow positive. Should be...

To answer your questions.
- Not cashflow positive. Should be about breakeven this year or small profit/loss. This is because there have been expenses for European expansion that have been incurred, which will pay off in time. The inflection and growth rates are significant and the cost base should be largely fixed outside of further geographic expansion. This means exponential profit potential
- No expenses that we don't see. Page 35 of the Annual Report provides a summary.
- Unclear on non-trivial, wages, marketing expenses. Wages jumped sharply year on year but that was also in line with growth and expansion. Was this increase too high or low - too hard to tell. The wage growth looks a little on the high side but again, we only have one line item and no context.
- As for marketing expenses, they were $200k. Way too long IMO. That's less than 1% of revenue!
- Do management quietly benefit from this? I will take that at face value but that's a bit of a sneaky question - I can't quite work out if your genuine or trolling but will give you the benefit of the doubt. Any fees to directors would need to be disclosed as part of their overall REM as far as I know. So no, I don't believe they quietly benefit. Michael makes plenty and it's fully disclosed.