The report looks great although the absolute game changer is “Annual upfront payment. Standard from Q2 FY 23” This effectively means starting in July 2022.
I realise this is a SAAS service business although paying upfront annually is still paying as a service it’s just on an annual basis as opposed to monthly.
IMO this will completely change cash flow and will negate the need for a cap raise.
If we do 1 mill AAR per quarter we are getting the cash in the bank immediately as opposed 12 incremental payments
Matt is clearly shaking things up for the good. I’m looking forward to our next 4c
IHR Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
