Bright future, page-19

In that case, very good news!

I have been tracking the Playertek Twitter over the last few months and they are adding multiple teams per week. Unfortunately, we know they are lower margin sales and capital in nature. It is still quite positive to see none the less. I know from the HY earnings call that the company is using this as a strategy as more of a land grab to get the teams into the catapult ‘eco system’ and eventually upsell to higher margin, subscription products in the future. Time will tell, but good to see the business (not share price) with a bit of momentum heading into the FY20. Assuming we hit guidance and EBITDA breakeven is brought forward to next year, we should be set up for a positive 12 months. Appointing a CEO and CFO will also be important. It’s a huge year for the company. All the pieces are in now place across the stack - Vision, AMS, Playr and of course Vector being added in the elite space. Now it’s simply time to execute.