Icarus the users they are referring to here are the PBX registrations and the margins are very high (>70%) The majority of this company's revenue comes from the retail division but that margin is a lot lower (~30%)
They are working on building the retail side of the business which is going to drive revenue significantly whilst also building on the pbx registrations. The path that the company is taking is looking at building on existing clients and upselling them as well as taking on new clients and introducing them to their whole suite of products. That is the benefit with Vonex they are able to provide bespoke telecommunications for all needs.
10c a share is really a abnormality and I would not expect it to take too long to recover and see the price heading north of the IPO list price. Once a few more announcements are released showing investors that the company is growing and looks like growing for some time soon that is when we will see people jumping in. And lets not forget Oper8tor which is due to start beta testing in the coming weeks. There is nothing but good news coming out and this will be reflected in the share price sooner than later.
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Open | High | Low | Value | Volume |
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2 | 579584 | 0.034 |
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Price($) | Vol. | No. |
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0.038 | 455160 | 3 |
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