What a terrible result.
The CEO couldn't provide an earnings outlook for FY21, and the second half of FY21 will grow moderately, which means SLOW. but still confident about doubling revenue in 2025? Where is the confidence come from? Do they expect super super fast growth in 22,23,24?
"Lockdowns and travel restrictions will continue to hamper the timing of sales converting to revenue. ". How does lockdowns have anything to do with the business? All SaaS companies are enjoying a big tailwind, reaching a record high. All automaker Benz, BMW, Toyota, Ford, GM, Tesla, Nio, their share price all recovered to 2019 level, or even higher. IFM is in both Auto-industry and a Saas company, its performance is even worse than an airline&cruise company.
BTW, if they don't spend the money, WTF did a capital raising?
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