LDX Chart, page-1603

I still reckon people are comparing current position to that of the IPO without realising the switch in reporting style.

2021 Annual Report (AUD)


2023 Annual Report:




Revenue flat, expenses more than halved.

More deals now than then (reduce circa $2M product revenue for COVID period write off as that COVID is a black swan event), product in more locations (US is the big one).

This financial year could see an annual improvement to last with revenue etc.

All on face value appears to be worth what it was at IPO level. Only difference is cash on bank which was chewed up early on in the piece.