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Hardware increase is due to changes in acccounting policy, so...

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Barooona

341 Posts.

27

04/02/24

14:49

Post #: 72228065
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Originally posted by YStrategy: ↑

Had a look at the figures in particular sales.
They have only recently employed a further 2 Business development managers(Salesman) in the last 3 months giving 3 in total. So will take time for the new Salesman to find their feet.
The bookings for hardware for the quarter Dec 23 was $308k which was up from $239k or 28% which was promising.
Qualified opportunities at Dec 23 was 347k compared to Sep 23 260k up 33% also promising.
New licences YTD Dec 23 - 510 YTD Sep 23- 470 up 8.5%.

Also in cashflow it was quoted -
"The reduction in operating expenses and growth in sales is expected to
generate a positive net cash flow ".

They have entered into the agreement with Morph Clinical to further expand product lines and obtained a loan facility from NAB so they are looking to the future.

Overall the next 3-6 months will tell how they are tracking especially in sales.

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Hardware increase is due to changes in acccounting policy, so the number isnt as impressive at first glance.

licence revenue is down despite the licence number goes up?

cost base is way higher than expected.

need more clarity..

JTL Price at posting: 0.6¢ Sentiment: Hold Disclosure: Not Held
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