CEO says
great half year!!
A successful CR, wow
to fund purchases to use as revenue in the accounts!
To cover over a 300% pump from insiders from 50c to now $250 million MC.
But costs of this business are far higher than the costs to produce the revenue previously.
So revenue goes down, overhead costs and big wage items increase constantly, ageing infrastructure becomes expensive to maintain, costs blow out.
and we get bigger/ losses as we see here , at $2.9 million loss just in the half year
Ann: Swoop H1 FY22 Results, page-2
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