We still have $5.68m of finance available to draw down from Moneytech Finance should we want to use it to fund the loan book.
I agree with you there. The company has reported ARPU in previous quarterly reports. It has also stated in past presentations that we should expect growth in average revenue per user (ie, license) (ARPU) but they are not giving us any figures. For example, in the ASX release of 3/5/21 they stated:
"The BPSP and BPA agreements change how the Company authenticates the user relationship, giving us the ability to acquire and onboard customers more efficiently. Through these agreements, the Company can also incorporate a strategic merchant rate that increases Cirralto’s margins on digital payments by up to 40 per cent, which will increase the Average Revenue Per User (ARPU)."
I'm going to send an email to the company and request that this information be provided in the half yearly. Are there any other metrics I should ask for?
Let's not forget where we were a year ago:
SpendaPay and SpendaCollect launched mid CY '20.
We lent $2m to Invigo to fund a pilot loan facility for Spenda in April '21.
Integration of Business Payments Service utilising the MasterCard Business Payment Aggregator (“BPA”) and the Visa Business Payment Solution Provider (“BPSP”) agreements with Fiserv only went live in May 2021.
Referral deals signed with Mastercard and Fresh Supply Co, July '21.
Our first BNPL deal with Whola was launched end of Oct '21.
Our first agribusiness trade lending deal with James Tyler, through the Mastercard and FSCo referral arrangement, was announced in Oct.
eBev BNPL deal announced end Nov '21.
All those deals done towards the end of '21 haven't flowed into cash receipts in the Dec quarter.
This is a very valid question. According to the
independent expert report Appstablishment's fee based revenue for FY '20 was $2,334,854 which is approx. $583K per quarter. If we assume that revenue remains constant, and we deduct it from Cirralto's quarterly cash receipts of $615k we are left with a $32k of new revenue. Something doesn't seem right with those figures. It would be interesting to know how much of those cash receipts were from ongoing Appstablishment client fees.
(20min delay)