In December quarter the net free cash dropped from 4.8 to 4.4m.
Comparing H1s the average monthly cash burn fell from 483k to 316k.
It's not "profitability by June 30 2023" but at least the gap is closing.
Immediately bringing in 2.8m will increase the runway nicely. Adding in 225k per quarter over the year ahead is also great. Adding 750k in one year is also fantastic.
March quarter will also have a full quarter of Capricorn DSD payments of 300k for the first time.
They just need to prove to me now that they are being successful in converting Capricorn members to Swiftstatement. Fingers crossed they give us something to work with in the March 4c released in 6 weeks.
Things are turning around IMO, at long last.
Warmest regards,
PD
SPX Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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