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25/01/22
12:49
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Originally posted by ziyiwang:
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the cash at bank was the single biggest positive , at this rate and 500m+ facilities, CR is not necessary. and US should finally start seeing some momentum next quarter, their vertical sector of automobile could be a littl slow imo, if they could get some shop app like shein, that would be a massive boost , also some smart phone retailer would be massive
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Correct. Seeing $32M in cash tells me the CFO is up for the job. I would have liked to see less cash burn in Q1 FY22, but that's life. Having access to over $500M in facilities sets this business up very well for success. I'm not happy about the disclosure on revenue from partnerships. It appears partnerships are bringing on bad debts and not giving Openpay any benefit.