avinvest You claim "evidence" "suggesting" growth this quarter....

avinvest

You claim "evidence" "suggesting" growth this quarter.

Here are some FACTS from the last quarterly report.

"Spectur Group revenue was $2.063m for Q1 FY24"

"Q1 FY23 revenue of $1.657m"

"Q1 FY24 recurring revenue was substantially higher than prior quarters, predominantlydue to the additional $294k of recurring revenue from the EnviroComs, CoastalComs,SecureGo,LiveStream and Smart App applications that were acquired in Q3 FY23"

Not including the annual ~$1m of annual revenue bought in FY23 (all goodwill subsequently written off) there was almost ZERO organic growth last quarter.

$2m Q1 24 of which $.3m is attributable to the 3CT purchase.


SP3 Q1 revenue growth from PCP (without 3CT contributions) was $1.7m for Q1 24 Vs $1.65m in Q1 23.


GROWTH IS MINUSCULE. And if you lot think the NSW Surf life saving contract is some kind of savior, think again. Over the 78 months of the contract, the $1.2m total contract value represents about $40k per quarter of revenue. This is not going to make a single dent on the losses of this company. Dyson is going to have to cut CapEx drastically to change this equation because revenue growth does not remotely cover the spending. I hope you and your excited little buddies on here are willing to stump up some more cash at the next capital raise as I would hate to see you get diluted again.