It's just the beginning for Spenda!, page-57

I like the graph you have prepared including projections of future operating expenses and revenue around the assumptions you have made. Just on face value, without knowing the details, item 1.2(f) admin and corporate costs seems too high. A lot of that might relate to the legals around recent acquisitions and the preparations around the proposed debt warehouse. That is a line item that hopefully can be reigned in in the short term.

A 40% quarter on quarter growth rate equates to 380%pa. Can it be done? Maybe. So if we use the adjusted cash receipts that brings us to the 40% growth rate for last quarter, that is we take $67k out of $615k, 40% q on q would bring total revenue for CY22 to $3.3m. We definitely need to be generating that sort of revenue IMHO to stay in the game.

At the rate we are currently growing the loan book and if we take the reported 18% annualised return on that loan book at face value, half of that revenue could come from growing the existing loan book even with some allowance for arrears on payments and bad or doubtful debts. If we can further leverage the loan book through a debt warehouse then the earnings from the loan book could start to grow at a higher rate.