Organic growth will come with cross selling. Management have stated that cross selling won't begin until the integration of Voitek and MNF are complete. These integrations have taken a lot longer than expected but should be complete in the first half of this financial year.
"We look forward to greater cross-selling activities in FY23 which we expect to boost our average revenue per user" - Managing Director
We also now have a director and a co-founder from Over the Wire. This was a very successful telco that was acquired by Aussie Broadband.
VN8 is significantly cash flow positive and increased their cash position by approx. 1.5m last quarter. Despite the inevitable On the Net acquisition costs, I expect VN8 to make a net profit this year.
I haven't even mentioned the More partnership. Exciting times ahead.
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