Ann: Half Yearly Report and Accounts, page-27

I think the point is that the wider market cares little for revenue growth on its own - that is very 2020/21. If the revenue growth is coming with widening losses, the stock will likely be punished (as this one has been).

At *some* point they have to show some level of operational leverage.

You may not like my opening comment on this thread but it’s possibly more important than you realise. For the half year revenue actually went backwards 11%, but the net loss blew out 274%. This is going in totally the wrong direction, and as I’ve said before, a key reason for the 2021 capital raise was to pursue M&A activity. They even talk about it in this report again too, but anyone with the most basic grasp of accounting can see they will need that cash just to cover their opex burn.

By far the smartest thing this company has done in the past 12 months is put $8,000,000 into a Term Deposit - something that will *actually* make them money. The fact they’ve done this tells you all you need to know about the performance from the rest of the business! It also tells you how serious they really were about all that M&A talk…