Market must have been expecting worse that $9.4m loss.
Not sure where St0ckhead got "Serko anticipates these markets will be 40-70 per cent of pre-COVID levels by March 2021 but could not put a number on possible revenues."
What I heard on the call was 40% several times but perhaps I missed the 70% reference.
Also Darrin said they were at 9% pre Covid levels in April and 25% in May.
Their strategy is to keep cash burn under $2mpm. Given they had $42m at March 31 they seem to be burning around $1.5mpm
Honestly was hoping for a bigger drop to get in. Tight register makes this tough. Oh well, going to be a long year.
GL to holders.
Ann: FY20 Full-Year Results Announcement, page-2
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