FRX 5.56% 1.7¢ flexiroam limited

Revenue of 1.2 mil in line with expectations given they are...

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    Revenue of 1.2 mil in line with expectations given they are recognizing 250k MasterCard payment throughout the year. Cash burn still extremely manageable and strong cash balance of 4.2 mil.

    Also seems they are still signing deals/partnerships in the background without making announcements (don't recall seeing Cycledios, Seven7 mentioned in any announcements). Commentary is also quite bullish with new deals expected to be signed or begin generating revenue in next quarter.

    Will be interested to see FY23 revenue & EBITDA targets


 
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