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clock Created with Sketch. 27/12/19
14:38
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Originally posted by Green Bull:
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Hi Richard,completely different beast now .New/proven Management and new structure .COO , in previous position, led the tech team that drove VGW revenue from $300/day to $1.4m/day .big change , which will reduce costs and increase revenue , is the change from Sales staff (who are normally on ~$150k-$200k per annum each) to now Chubb, etc ., doing a lot of the selling of the iCetana offering on behalf of iCetana.How many customers does Chubb , etc., have ? A looot!!2018 to 2019 (which show some of these cost reductions):Revenue : up slightly to $1.4M : reduced by $1.2M (24%) : reduced by $366k (66%) locked in $1.6M in the first 10.5 months of 2019 .$1.6M annualised comes to $1.83M which is a lot higher than the $1.4M in FY19 .Team has just started working together new structure ,listed on the ASX,raised $5M ,200+ deals in the pipeline /on the go;expand rapidly from here .cashflow positive from the IPO raise .200+ deals starting to get announced in the new year .
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