EXECUTIVE SUMMARY
The first quarter of the 2023 financial year delivered the Company’s 8th consecutive quarter of growth. While the Company achieved continued growth this quarter it was slower than previous quarters due to a planned focus on:
• Scaling payment flows in line with continued customer adoption of Spenda’s Pay-Statement-By-Link (‘PSBL’),
and Payment Widget technologies;
• Critical product security releases enabling both compliance with scaled lending, payment services and to meet
the specific requirements of key customer implementations (which have become increasingly important given
recent public high-profile breaches at other businesses); and
• Restructuring of the Debt Portfolio to enable the scaled rollout of the debt warehouse through the remainder
of 2022 and into the future (this facility was secured on the 5 August 2022).
Am I reading this right??? The company planned for this Qtrs growth to be slower because all the staff were not focussing on atttracting and putting clients on the platform but were insteadfocusing on (1) Scaling Payment flows, (2) Critical security releases and (3) the restructuring of debt facilities??
that has got to be a WOW! This is a $42 Mill Market Cap ASX listed company!
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-56
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