This is an absolute joke......trailing 12 mths cash receipts...

This is an absolute joke......trailing 12 mths cash receipts actually falling and operating cash outflows rising which is why they had to raise $2m in 1Q24, and now a further $1m after this quarter closed.

In the 4C in Jan/Apr/Jul2023 he mentioned that the "core business operation continues to self-fund organic growth", but that has long been dispensed with and now just raise every quarter to fund the $1-2m cash burn

In the last four 4C reports he has flagged some form of delays in customer programs or invoicing and collections yet there seems no effort to improve that....I also not that they claim a 'potential' customer receipt rather than a confirmed receivable....seems incredibly suspect IMO.

Hard to make sense of what is going on here.....if this is half as good as Olsen claims it is each 90 days, clients should be falling over themselves to use this software and pay big money

1		Cash Receipts (AUD)	TTM (Cash receipts)	Growth	Net Operating cash	TTM (Net operating cash)
2	1Q2020	306			44
3	2Q2020	185			-787
4	3Q2020	532			-297
5	4Q2020	820	1,843		220	-820
6	1Q2021	609	2,146	303	-333	-1,197
7	2Q2021	635	2,596	450	-231	-641
8	3Q2021	1,374	3,438	842	211	-133
9	4Q2021	1,453	4,071	633	98	-255
10	1Q2022	983	4,445	374	-931	-853
11	2Q2022	2,849	6,659	2,214	800	178
12	3Q2022	2,360	7,645	986	64	31
13	4Q2022	1,661	7,853	208	-1,387	-1,454
14	1Q2023	3,411	10,281	2,428	213	-310
15	2Q2023	1,962	9,394	-887	-977	-2,087
16	3Q2023	3,256	10,290	896	531	-1,620
17	4Q2023	782	9,411	-879	-1,791	-2,024
18	1Q2024	2046	8,046	-1,365	-499	-2,736
19	2Q2024	1332	7,416	-630	-1,446	-3,205