I think it was always going to be the case, as they said as part of the fund raising that they were adding resources to marketing to enable quicker conversion of leads to sales. Costs are felt upfront and then as the revenue grows it swings the other way. That’s what you would hope anyway. Even with cashflow break even predicted for mid next year, we will see losses in Feb and August although hopefully diminishing with FY25 being when Senetas hits a profit again.
Ann: Full Year Results Investor Presentation, page-7
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