Cashflow got worse because of higher fixed cost and staff costs. Almost doubled staff costs compared to Q420, the PCP. $593k -> $1043k.
Revenue was hurt because of the reseller troubles. If not for that, then the increased scale may of let them take advantage of the extra staff. (Not sure the specifics of the staff split etc).
Receipts are up anyway (vs PCP, and rolling 4 quarters), so had the reseller issue not occurred, it would have been quite strong numbers. So if they keep that up, the numbers could become recent.
Anybody know why the need for doubled staff costs? The acquisitions? But cashflow was worse. Weren't those acquisitions cashflow positive ones? Or those acquisitions in fact helped cashflow, but the issue from the reseller hurt the underlying business's cashflow more than that.
Edit: they say acquisition staff and sales staff.
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