Wfh will not be stable it will have high revenue then lower...

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crazydave1942

7,191 Posts.

608

19/05/23

10:12

Post #: 67858495
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Originally posted by FingerLicking: ↑

let's just hope WFH remains "stable & profitable" as stated below in the presentation, because the last 2 reports (Q4 2022 & Q1 2023) show we burnt cash, & a lot of it! if this Q2 & Q3 aren't comparable to pcp, when we had record receipts ($8.2M & $8.9M) & were operationally profitable ($152k & $455k), adios, that'll probably be the last straw for me; so i expect WFH projects to have ramped back up this quarter; there better not be any excuses from management in the next report like lumpy payments or low receipts due to "seasonality" again; we've been told that LS has strong demand for their WFH services & headcount has grown significantly over the past 6 months; therefore H2 & beyond i think we'll reach new heights, as business returns to usual & projects FINALLY start to launch; it has been a grueling multi-year wait!

if the company can pull out of this danger zone (being 2 consecutive record high cash burn quarters) patience should be rewarded - i'm still confident ICI will make it; Metal Genesis (https://froyo.games/games/metal-genesis) & Star Life (https://starlife.game/tutorial/ - https://starlife.game/game-page/) both have multiple hallmarks of becoming legendary IPs, Engineers (https://hotcopper.com.au/threads/the-good-the-bad-and-the-ugly-investor-presentation-strategy-catalysts.7339147/page-2?post_id=67366439) also has so much potential; the wait is almost over! exciting times

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Wfh will not be stable it will have high revenue then lower revenue ect.

Not the way to go.

The future is IP games mixed in with lots of other things all in one big boat.

WFH due to payments ect will have fluctuations

ICI Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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