Result is ok.  No shocks.They are burning a bit of cash though...

Result is ok.  No shocks.

They are burning a bit of cash though ($2.6m in operations) and don't have a lot available  (per the report "Net cash of $1.4m plus available finance facilities of $1.1m".)  Enough for 6 months. 

I notice they say in terms of customers that they "Target 5,000 venues with organicgrowth of 15%+ and acquisitions".  They mention acquisitions to get to that 5000 venues.

Perhaps they will make an acquisition which will make it easy to bundle it with raising extra cash at the same time and can then more easily justify to the market.  Rather than just a straight cap raise for raising cash for operations.  That's my guess.

I like the market the company addresses with its software and do see longer term potential so for the moment its a hold and wait.