Could 1PG actually go under?, page-26

Serious overreaction imo and a stupid thread title.

It was well known that  revenue would be low a due to the 90 day payment by clients.

The Half Yearly Result  come September 27, 2016  will be doing the talking.

Overall report was good and not a disaster as many make out to be.


Key Highlights

 Q2 2016 revenue up 89% over Q1 2016 revenue. First half revenue has surpassed full year 2015 revenue.

 Average Revenue Per User* (ARPU) is up 67% quarter over quarter (QoQ).

 100% of clients have been migrated to the back end of the Source 3.0 Solution, resulting in a significant reduction in pool delivery time from 3-5 days to hours.

 Operating expenses for the quarter decreased from Q1 2016, averaging less than U$1m per month on a total cost basis.

 1-Page remains in a strong financial position, with cash and financial assets totaling A$37.8m as at 31 July 2016. Financial Highlights Q2 2016 was a solid quarter for the Company, with revenue up 89% on Q1 2016 as a result of both new clients and increased product usage by existing clients. Importantly, ARPU rose 67% QoQ, providing encouraging signs of adoption.

The Company has subsequently stepped up measures to collect these outstanding amounts. On a positive note, cash flow from operating expenses was slightly less than USD$1m, determined on a cash basis