Ann: First Half FY24 Financial Results, page-9

Interestingly, that chart shows that run-rate EBITDA (according to their expectation) is accelerating month on month.

I'm not banking on it, given Garry has overpromised before. But $2.1m additional EBITDA over 4 months equates to $525k/month extra. More than the $700k over Jan/Feb ($350k/mth)

Good signs. And in line with what other Licensee services companies are saying (PFG as an example).

As an aside - Garry maintains he has not missed on EBITDA. I think he has, just by moving the minimum lower than previously set. Time will tell I guess. But very happy with the core business (licensee services) doing very well - almost as well as his day trading CAF position.