That's a really nice quarter, and without an acquisition? Maybe...

That's a really nice quarter, and without an acquisition? Maybe successful integration / synergies from a prior acquisition, if not organic growth of the rest of the business?

It's hard for me to tell if it's the whole business improving or part of it.



4 periods rolling receipts is +37% YoY (4 quarters to Q324 vs 4 quarters to Q323). One of the highest growth rates in ages, and without an acquisition to drive up staff/other costs.

Advertising is very conservative. PCP Q323 $65k, now Q324 $24k. ($0.14m rolling-FY on $11.9m receipts = 1.2%) PCP FY = $0.44m on $8.7m receipts = 5.1%

Not sure why it's that conservative. Maybe a lot of the marketing is word-of-mouth and in-house now, under 'staff' expense.


Staff in the 12m to Q323 = 61% of receipts.
Staff in the 12m to Q324 = 52% of receipts. (Finally under control thanks to organic revenue growth?)


I think it's the best position we've ever been in. But still not cash profitable for the rolling 12 months (maybe approaching it soon).