Revenue for 1H19 exceeded FY18 full-year revenueOn Track for Profit/Breakeven for 1/2 Yearly..
If they do break even as Quoted by Management the Quarterly should be very well received by market and Value investors.. Top 20 own 77% not many loose shares Board owns 25% 5 new direct school customers since announcement of ReadCloud’s 1H19 result 49 new VET customer schools signed up in WA 1 new reseller in Mackay, QLD ReadCloud competitor LearningField recently decided to withdraw from the market for 2020 leaving 60 new direct school or reseller school opportunities Significant ground work was laid in the direct school business by the newly appointed sales staff during 2018 in building the sales pipeline for 2020, which is stronger than ever 257 school customers1 in the 2019 school yearHighly scalable, cloud based platform Large market opportunity‒ 2,700 secondary schools with 1.6m students‒ 4,100 training providers with 4.2m students in VET courses The ReadCloud platform is the complete solution for eLearning and management of all Digital Content
RCL Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
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