Further board changes during the quarter including the appointment of Wes Culley as non-executive director. There have been many board changes over the last 3-6 months, with the company seemingly posturing up for something significant in the short/medium term, especially considering there is a healthy amount of cash at the bank.
Bridge SaaS (ASX: BGE) is capitalizing on the expanding National Disability Insurance Scheme (NDIS) provider market, targeting both registered and unregistered providers. Their all-in-one tech platform aims to enhance efficiencies within the NDIS sector by offering software to support providers in managing client appointments, tasks, and compliance documentation. With over 145,000 providers, a significant portion being unregistered, they see substantial growth opportunities. The company's platform caters to the needs of unregistered providers, who seek core functionalities like customer relationship management (CRM) and document organization. The company acknowledges the immense potential of the NDIS market, with projections indicating significant growth in government spending over the next decade. Additionally, the company has expanded into complementary markets such as aged care.
The share price has consolidated over the last 3-4 weeks since its recent run up from 2 cents all the way to 8 cents, lingering back only off the back of minimal volume since the initial run up
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