Ann: Xref achieves 71% Sales Growth & $0.2m Cash Surplus Q2FY22, page-4

  1. 4,364 Posts.
    lightbulb Created with Sketch. 501
    That's a good summation, in line with my read of it.
    It's quite an achievement for Q2 to exceed Q1 on these metrics, overseas business and Rapid ID starting to kick into gear!
    $10.5m in the bank, cash flow positive for 3 consecutive quarters, incl this quarter, which is our weakest.
    Profitable for calendar year 2021 (unaudited) looks pretty great as well!!
    And this is before their SaaS type revenue model kicks in for the new platform, expanding addressable market.
    Onwards and upwards from here!!
    Last edited by jaluma: 05/01/22
 
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