Ann: Notice of Annual General Meeting and Proxy Form, page-3

One could assume that as the business figures were deteriorating before COVID the situation has re revenue/profit will show a further deterioration in the next sales update.

The last announcement referencing Riyo on its own was 10 months ago. I presume they have another customer of some note since that time. Who would know.

The webinars and the Netsuite agency are their lolly trains so I expect it will be more of the same.

Last years figures



I would expect the 2021 Gross revenue to be in the vicinity $10m.
Gross Profit around $8.5m
Cost of doing business - increased due to Spectrum and Riyo approx $9.8m
Loss for 21 approx $1.3m

Give or take a few dollars either way.

They will need to sharpen up the Webinars and nominations at Awards evenings to plug the holes.

Be interesting to see the plans going forward.

Cannot cut the sales force or the agency revenue dries up - so overheads are basically fixed. Plus the expense of trying to get traction with Spectrum and Riyo. That will cost dollars.

Revenue is on the decline.

Dont give me that "switching to larger customers" as the solution.

I think it will be the old method - put your head in the sand and just hope.