Ann: Update Revenue growth, operating outcome, customer retention, page-25

Hey Guys,

So they didn't get back to me regarding the rev neutral strategy but i've found some further information.

Zunos had approx 15 employees when they were bought out so it's probably safe to say that the company had a fair amount of debt (in comparison to high op expense).

Annualised rev for FY19 must be at least



So either there are significant contracts that are in the works or Zunos adds debt to BTH's balance sheet.

I would surmise it's the latter - not to say that this is bad or anything just that it doesn't do too much for BTH's NPAT.

Happy to hear someone else's thoughts