Great report with numbers we were expecting after earlier disclosed announcements.
ADP have a MC of 93 billion. Great to see we are formalising a USA/Canada partnership agreement. ADP are global payroll monster so a great initiative.
Q1 revenue hitting 1mill which is fantastic considering quarterly cash burn was 1.5. This demonstrates we are moving closer to break even. They are obviously increasing spend for future growth.
Support Ninja is very important because it’s another head office win in our key North American market.
Cintra partnership is moving along well and clearly getting significant attention from senior leadership. If they execute this well it has the potential to bring in 8mill in AAR based on existing customers alone.
Lead generation machine is working well and scaling for future growth. Interestingly Rob Bromage isn’t mentioned in the report and Glenn Donaldson is mentioned frequently. Are senior leadership changes in the works ?
Remember it took IHR 5 years to hit 2mill in AAR only achieved 12 months ago. They just hit 1 mill in revenue in a single quarter. This is significant growth over a short period of time.
GLTA
IHR Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
