any start up bleeds cash in the early years, until sales accelerate - software development and marketing take big dollars. Next year seems to be a bit of a make or break for Votiro, however I note Senetas feels Votiro will move towards cashflow positive by the end of the year. It is looking like at least 12 to 18 months before we see any profit contribution from Votiro.
Ann: CEO Investor Presentation, page-4
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