Hi BrettI came away from the Webinar fairly convinced that what...

Hi Brett

I came away from the Webinar fairly convinced that what Kate means when she says we will be Cash Flow positive and EBITDA positive in FY23, she actually means they aspire to reaching this point in the 4th QTR of FY23. So essentially establishes this as a positive in the 'Run Rate' entering FY24.

If looking at this 4c plus market update in isolation (which is always dangerous), we can kick the can containing our expectations down the road for a further 6 months.

I look forward to the HY financials due Feb. We are likely to glean more then, particularly as the Receivables number comes into play. Their book has been running at about AUD 7 m, so 20 %'ish of Annual Revenue which is material (and never features in the 4c).

As I said in my post last night, with continued momentum on contacts + the 'land & expand' Revenue build, when core operating expenses divided by Revenue (net of GST) reaches 80%, it's game on for investors. Remains a strong 'hold' with another dose of patience for me.

Rokewa

PS Wonder what Hurricane Ian has in store for us tomorrow. Hopefully equally long on both Narrative & Financial Performance...