@GrandCombin It would have been nice to have 'cash flow positive from September quarter' however throughout all their presentations they forecast cash flow positive in 2019...so not sure where you referencing this statement.
Revenue has hit a high this month of $1.9M, and this will be reflected in cash flow the following quarter. Most importantly recurring revenue is the most important figure has moved from $587K in the Dec quarter to $750K this quarter.
An interesting insight in this quarter is that the Dec quarter resulted in recurring transaction revenue of $587k based on $191M of transactions, and this quarter transaction revenue was $750K based on $205M. So there must have been some price adjustment with customers resulting in higher revenue per transaction $ in this quarter. A nice positive!
I agree it has been a long time since revenue has finally kicked in, but I disagree that this should be dismissed as insignificant.
In addition it has been good to see the salary bill come down by about 500K per quarter since last year... this is significant cost saving.
With the current pipeline of opportunities and the wins they have made over the past year, I don't believe Mint's market value will be still hanging around between 2 and 3 cents over the coming weeks/months.
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