SPT 0.00% 7.5¢ splitit payments ltd

Ann: Q1 FY23 Quarterly Activities Report (App 4C), page-2

  1. 8,837 Posts.
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    Well that's a good thing, SPT lives to fight another day. The cash burn continues, but not so bad that it will cripple the company immediately. MSV has risen a fair amount and the company claims an upward trajectory. I had in the back of my mind that the company would need to discount its product heavily to be able to gain traction and it seems that it is doing just that: NTM has dropped from 1.3 to 0.9 % and it doesnlt get a choice - alternatively if the merchants and customers get addicted as is the ambition, in time SPT can put its prices up. Still very slim income and the expenses are enormous, but if it can get some traction (it has signs) then it will be able to take a chainsaw to its expenses and perhaps kick on. IMO lol
 
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Currently unlisted public company.

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