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Ann: SenGAME Operations Update, page-29

  1. Eqz
    3,395 Posts.
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    Unlikely, FY18 receipts were $4M and we were only at $2M last qtr so we will be under prior year for FY19 according to my records.
    Opex for FY19 is around $7.5M so we have a gap of about 40%..

    But I would not let this alarm you, the business model that SNS is creating will continue to compound reoccurring revenue - current base reoccurring revenue is around $600k per quarter with with quarterly cash burn of around $2M.

    Our biggest spend is on staff at around $1M per quarter.

    There is a possibility we could turn cash flow positive this financial year if our SENGAM solution continues to sell into more casinos and Gemineye takes flight.

    Hope this helps.




 
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