Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-11

@madamswer
I can't disagree with what you say.
Reason why I also decided to buy some shares today.

In fact, my point was mainly to question my own conviction on this stock.
As you probably know, there are some risks that receipts can sometimes be inflated for SAAS companies by some elements like one offs (when they sign new contracts) or seasonality (if their customers pay them annually rather than monthly-I don't know if it is the case for MSL).

Just to add on your point about cash flow, it is also interesting to note their cash flow benefited from significant one offs (government subsidies) between Q4 20 and Q2 21, but their last 2 quarters look much more recurring as their get almost 0 government subsidies.