Simon Yeandle certainly hedged his answer as to when they will...

Simon Yeandle certainly hedged his answer as to when they will turn profitable. My view it has taken QFE longer than expected but maybe they are heading towards profitability but it is taking time. It seems it is all about growing the scale which is what Jennifer is working on.
From the presentation today (see below), last year was a loss of 8.1m, this year a loss of say max 5.0m. So allowing for growth from new customers roll outs, increased funding capacity from the recent cap raise to fund growth, maybe they will be profitable say in Q4 2025 (Mar25 - Jun25).
Maybe they will better this.
If US interest rates ease in a few months, maybe that might help at the margin.
Any thoughts from others listening in this morning on when they will become profitable?


I imagine the major shareholders are patient and will be looking for a generous exit pay day. This might be a trade sale rather than a slow sell down.