@ConvexPirate I take it that what you are saying is that the operating Expenses are growing at a faster rate than the revenues. This seems to be a ‘long lag’ business where it may take maybe a year between first contact to working through each customer’s work practices before the deal is done, contracted and then paid for, maybe as much as for example 15 months after initial contact (these are simple my guess at how this works). I think part of the revenue is from consulting services presumable during the implementation phase. Long tail business needs a higher gross margin to take account of the long period to crystallise a chargeable deal. A capraise at these low levels would be highly dilutive and not really in our interests. Nor in the interests of insiders.
3DP Price at posting:
16.8¢ Sentiment: None Disclosure: Held
