you’ve been in and out of Senetas - surely you are used to this? They are not known as a serial disappointer for nothing. It’s why I was pretty luke warm about what was going to happen after the half year results. I guess because my expectations were low I didn’t feel that disappointed.
I am still OK with where we are heading - if you have any contact with the Senetas guys, maybe suggesting an update with expected ARR by August wouldn’t go astray.
The transfer changes to Thales masked a bit of a growth in profit (as I foreshadowed) and the accounting standard also seems to mask a bit of a growth in profit.
However Votiro continues to be the main game - we need the ARR to be achieved and to continue growing and we need Cash flow break even. Lots of patience needed….
you’ve been in and out of Senetas - surely you are used to this?...
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