for me the company is building up nicely. If you look at the recognized revenue - quarter on quarter the sales are moving up at a steady rate. The movement to break even is looking pretty good when you consider they are gaining about 90-100 clients a quarter and some of the clients they picked up are huge 40-50 thogusand. Now with the end of the North American & Nordic financial year (December), followed by the uk & NZ (March) and Australian (June) i excpect each regions credit sales to go up in these quarters as they are looking to fill budgets, get tax deductions etc prior to the end of the respective financial year. As long as the cash burn continues to drop i think we are probably 3-4 quarters before the company breaks even (excluding R & D grants) then it is profit along the way.
What i would really like to see going forward is the possibility of another couple of officers possibly say New York and Berlin or something like that just to keep everything going forward.
This company is a slow burner that wont get the headlines it deserves nut will just continue to grow, heres hoping that they continue to grow at 100 companies a quarter for the next few years.
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