Did you know:
June 2021 Quarter sales revenue: 4.9mil (19.6 mil annualised)
March 2022 Quarter sales revenue: 10.4 mil (41.6 mil annualised)
This represents growth of 2.1x in less than 1 year. And you’re here saying that 3x sales revenue can take multiple years? I disagree.
This company has proven it can make the right partnerships and acquisitions to excel their revenue growth. And just wait until we see the Reckon transaction fee revenue start rolling in.
in regards to cash burn, i agree it is an issue. However, a good chunk of this issue is because a decent % of employees and costs currently relate to a banking license we are yet to make revenues from.
One we either get approved or denied we can either increase revenues via banking license (if accepted) or decrease costs of those employees and application costs (if denied). This will help our cash burn a lot.
we now have a good chunk of cash to get through this period without needing any raises (barring another acquisition).
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Did you know:June 2021 Quarter sales revenue: 4.9mil (19.6 mil...
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