Musky, SojournerThe big step up in Q1 rev growth over the...

Musky, Sojourner

The big step up in Q1 rev growth over the “corresponding” quarter came in a little less than I expected i.e. 25-29% VS 20% actual. If the Q2, Q3, Q4 flat line trend continues from here as we have seen in the past then “yes” not a good thing.

ICQ did mention in the March investor presentation for the very first time that they expect to be cashflow positive in early 2020… how they get there with a such a mild growth start to Q1 is a little perplexing for us investors. ICQ must be thinking they can buck the flat line trend growth. What’s your guys take on the paragraph from yesterday’s 4C media release that said “A$2.6million in unaudited revenue for the first quarter, an increase of 30% compared to the same period last year”. Is this potentially a sign that the flat line trend will indeed be broken moving forward?