It’s been a bit of a wild week. I can’t say I wasn’t a little surprised at 4C results given 90 days earlier it was communicated it would be a cash flow positive quarter.
That said, one dimension of my role is collecting receipts (in a much easier sector) yet it is a shocking headache.
Ian has pointed out many times 90 days is short and not indicative of success or failure. Receipts slid into July - so be it.
There is no conspiracy. Pointerra has gone the large enterprise level solution route (where the real dollars lie) but, with it comes an hell of a lot of pain.
Chill out, let’s see how annual report goes (and T20 changes!) and let’s hope to see revenues start to lift blind with Friday’s announcement.
3DP Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
