That's true, we don't know what the margin is on the revenue. It would be good to know whether it is revenue from services or from payments flow etc as that would give an idea of what the margin is and whether any part of that revenue is then going out the door in direct costs (i.e. as is the case with the payments revenue when they book the gross revenue clip and then pay out the other card scheme participants for their clip (i.e Fiserv & Mastercard)). If we look at the staff, admin and corporate costs, those tend to be reasonably constant, so one would assume that having revenue go from $2.4m to $4m (assuming they can hit that target) will be a positive step forward, provided it can be maintained and improved upon going forward.
SPX Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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