This is a great 4C report for Spenda that shows some promising improvements compared to the previous one. Cash receipts from customers are up by 26% quarter-on-quarter and 52% year-on-year, which indicates strong revenue growth. Total payment volume on Spenda’s platform has seen a significant rise, up 161% from the prior comparative period.
The acquisition of Limepay aligns well with Spenda’s core strategy and is expected to accelerate growth and enhance the speed of executing customer contracts.Stable cash position, with $9.8 million in cash and cash equivalents, provides a solid foundation for continued growth.
However, to boost investor confidence further, I think the report could have included more detailed forward-looking statements and specific milestones expected from the integration of Limepay. While the report mentions the expected rollout of new services and products, providing concrete timelines and quantifiable targets would offer more transparency and assurance.
In addition to this, a comprehensive risk assessment and mitigation strategies for potential challenges in the integration process and new market expansions would enhance investor confidence in the company’s strategic initiatives. For example, more details on key projects like the Capricorn DSD project would be beneficial.Investors should pay attention to the details that are often omitted.
Hopefully, this information will be shared at the next investor webinar. Nevertheless, this is one of the best 4C reports Spenda has released. We remain hopeful that Adrian Floate will build on this momentum rather than taking any steps backward.
SPX Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
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