Ann: March 2024 Quarterly Report and Appendix 4C, page-5

This strong quarter pushed us up to -8% margins for the rolling 12 months. Another 1-3 solid quarters would have us in the positive (for the first time in my chart).


(right to left)
Product Operating Costs are flat as a % (purple). The rest improved (red, green), thanks to cost control and some organic revenue growth?
Blue (revenue) is catching up to the orange (expenses) - negative margins are getting slimmer (teal shows this metric).



This chart shows the seasonality better.
Revenue - big jump. (without acquisition?)
Staff - under control.
POC - it looks like POC may spike next quarter.


I averaged down today. There seems to be fair odds of rolling-12-months profit in the next 1-3 quarters.

Any explanation for this?



Is this a positive relative to attrition or historical averages?



It's confusing when they don't even use AU Financial Year Jul-Jun.
+40% revenue for 1H24 vs 1H23 meaning Oct-Mar or Jul-Dec, I don't know.
And +26% enrolments for Q324 vs Q323? (Jan-Mar24 vs Jan-Mar23)?
I can't tell of the 26% is good or a pull-back. I guess it's good since it's enrolments, with delayed revenue? So revenue is set to continue to grow.