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14:30
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Originally posted by CDO22:
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Actually, the "improvement" is only from the pretty poor last quarter (in terms of costs). It is very similar to the December (excluding R&D rebate) and September quarters. There has been a significant increase in costs compared to FY23, not fully compensated by the rise in revenues (almost). So we're not seeing the necessary acceleration of revenues vs costs that we are expecting from large channels such as Capricorn and Carpet Court. And lending revenues re steadily declining. Not sure what they are going to do with this DW where they're stuck paying interest on $14mio with a book of just under $11mio. Don't think this 4C alleviates the need for a CR, but we now need to see how much revenues & costs the last acquisition brings. I am still highly sceptical there as this is undoubtedly a failed "BNPL" business so how much of the "recurring" revenues will hit Spenda bottomline is unclear.
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"So we are not seeing the necessary acceleration from revenues vs costs from large channels such as Capricorn.."
(20min delay)