Yes, Q2FY17 results present well in terms of revenue,...

Yes, Q2FY17 results present well in terms of revenue, receivables, and debt control. Still in loss territory, but scale will help turn profit soon.

Current issue for me, beyond competition (eg, Afterpay or potential competitive responses from banks, ebay, or credit cards), is the high and increasing staff costs. Staff costs were 50% of customer receipts ($2.2m against $4.4m) and predicted to increase over 30% for the 3Q to over $2.9m.