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A few key takeaways for me: Cash and cash equivalents actually...

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    A few key takeaways for me:

    Cash and cash equivalents actually increased QOQ. Assume there is some cash trapped in the warehouses as a first loss that is included in the restricted cash:
    https://hotcopper.com.au/data/attachments/3133/3133297-73eb93230e353bc7fd7a5b2e0c948ba2.jpg

    The number of quarters runway has increased substantially from 27 Quarters as at 31 December 2020 to 54 quarters as at 31 March 2021. This shows the warehouse leverage is kicking in quickly:

    March 2021 4C
    https://hotcopper.com.au/data/attachments/3133/3133320-6e812968dd1cde3675da76cd11f96d4c.jpg

    December 2020 4C
    https://hotcopper.com.au/data/attachments/3133/3133322-fbedfd01d648821ec80ca80c18301509.jpg


    Feels like the inflection point is showing through in the numbers.
 
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