tyro’s cash burn rate, IMO, is largely correlated to the merchant growth number. As tyro has been quickly absorbing new merchants in the past yrs.
Every additional 10000 merchants will lead to an average 20000 eftpos machines, each cost is roughly $1000. And tyro is getting back these capital via monthly rental fees (the rental cost of the machine breaks even in about 2-3 yrs)
dongle solution will be a much cheaper way IMO : 1, dramatically reduce costings, as with a free dongle, shop will likely buy less worldline machines, or even skip worldlines, 2, tyro to have a full control of the dongle software to preventing connectivity issues 3, showing modern design for branding upgrade
TYR Price at posting:
$2.93 Sentiment: Buy Disclosure: Held
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