Spent some more time looking at the numbers to see how they can...

Spent some more time looking at the numbers to see how they can be cash flow positive...

Catapult spends 15m per year on investing cashflows to maintain their distance to their competitors or just to basically keep up. They would need a positive operating cashflow of 15m from the current negative 2m this Financial year. They got 96m of revenue but have 98m of expenses. So, let's say they can get 20%uplift in revenue. And if expenses goes up by another 10pct, revenue will be 115m and expenses as 108. That will be 7m positive operating cashflow, but that is insufficient to cover 15m capex investment. So, they need to reduce capex to 7m? But then that may let Statsports catchup even further with them.

I think cashflow positive can maybe be achieved by getting revenue to increase by 25pct, opex of 10pct. Can this be achieved? Otherwise, they would come to shareholders with a rattling tin for another round.