Profit is up because of the impairment in the prior period...

Profit is up because of the impairment in the prior period (crypto?).



Otherwise, General and Admin Expenses are looking quite expensive: $6.9m -> 7.7m while revenue is down. At least marketing cost is down.





Cashflow statement:

• There was a decent sized buy-back (0.5% of shares on issue, $179k).
• Cash from operations, +$1.3m
• Payments for intangibles, -$1.3m. Seems to be software dev, after writing off crypto and some of the app.
• 
  
• It says 'in progress', so I guess that's $1.3m invested, for a feature not yet released, like a new app, or new revenue-generating feature.
• Overall, cash negative for the HY.
• The profit probably ended up in that 'intangible asset development'. So an increase in value of underlying tech, if it doesn't get written down again.
• I'm not sure how they're going to fund 20 additional staff. That would eat up the profit.