Ann: Xref Limited - Interim Report - Half-year ended 31 Dec 2022, page-3

Costs have risen ~30%, but revenue growth is running half that. They will probably break even by the full year. They are building the foundation for EXPLOSIVE growth. Migrating clients and investing into the subscription based format. This is the ultimate recovery play. When the recession is in full swing and crypto is out of fashion, I believe this will turn around in anticipation of a recovery. I have this as the "canary in the coal mine" type of stock, if it starts to run, Its probably a signal to get the hell back into risk!