Comparing with the previous period 12 months ago, receipts slightly down, however product manufacturing costs are half and admin cost are less than half. Pretty cashed up now with nearly $4mil in the bank.
They have stated that the costs are lower due to renewals in existing business, but that seems strange to me given their marketing expense is 50% higher than this time last year, for slightly less revenue.
There has also been a delay for their middle east 'safe city project sale', but they haven't marked this as impacting their ARR number, which they claim is 100%.
Bit of a mixed bag all in all - the last claim I think is worth noting is the 15,000 sales leads in the Middle East through 'targeted demand events' - whatever that means?
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