There is a note that says product development costs are linked to revenue expected in quarter 1 of 2021. This must be a LOGO physical product to fulfill a large order. No wonder LOGO needed GSW for cash flow problems.
I cant imagine delivery core revenue would have gone backwards. But they definitely haven't started serving a large multinational this quarter. Would love to see a new contract announced as they sail away from the ASX..
GSW Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held