"gross profit as a % has slid from 52% to 36%" - to emphasise this is a trite misleading, wouldn't you agree?
Gross profit is also up 142% from the corresponding half year period last year.
Revenue has really only just started to accelerate. Comparing the last 6 months with the corresponding previous period is overall deceptive on both positive and negative fronts. The last quarter revenue was up 90% from the previous quarter and it's these two quarters that make up the 6 months of the half year. Effectively the first of the two quarters is dragging down the overall 6 month result. Then we have the cost of the Zenvia purchase which clouds the numbers.
I for one, am more focused on the quarter on quarter results.
Seeing that the CR camp believe that a CR is coming based on the reported figures, they should also be able to forecast the size of the CR too.
How much? $1 million, $2 million or $x million before we are cash flow positive?
I'm not discounting a CR outright. But based on the last quarter on quarter results, I can't see it being all the large if there was one.
SYT Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held