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They probably had a one off cost in relation to redundancies…....

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DavidCall

293 Posts.

100

18/11/22

12:47

Post #: 64855238
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Originally posted by interested6: ↑

I was disappointed by the cash outflow in the quarterly report. I see that revenue was down QoQ - however ARR increased and income will fluctuate due to the timing of payments and implementation revenue.

I was more concerned about the expenses. In the quarterly to the 30 April 2022 staff costs were $2,137,000 and there was a comment that "The internal strategic reorganization is expected to generate quarterly cashflow savings of over $0.5m." Further quarterly reports stated that the cashflow savings had been completed. However, for the quarter to the 30 September staff costs were $1,993,000.

I'm no expert in this area but I dont see the cashflow savings of over $0.5 million here. Does anyone have any comments?:

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They probably had a one off cost in relation to redundancies…. That’s my assumption..

IHR Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
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