Next 4C Revenues, page-250

Classic move, changing the topic again

I expect reasonable growth over the next 2 quarters which will reduce the net cash outlay and therefore extend the runway.
In the Dec 1/4 they had $16.5m payments flow over their network and that is without the vast majority of Carpet Court being onboard. It's expected that they will have the whole of CC onboard by April 2023, therefore revenue will be increasing steadily over that time and through to the end of the June '23 quarter.
They've also announce another new customer worth a further $20m in annual payments flow that is now in the provisioning stage to onboard them and go live.
We do not yet know anything regarding the takeup by CC franchisees of the Spenda platform for other than B2B payments with head office. If there is a takeup rate of greater than 30% initially, then that would equal circa 60 franchisees and be sufficient to demonstrate efficiencies that the franchisees will likely discuss over their network (the Franchising Code requires that the Franchisor establish a communications network for franchisees to discuss their business etc).

"Staff costs $749k to generate $790k lol"
Yes that's true. But in previous quarters the staff costs were higher to produce less income. Clearly there has been progress made for the better.

R&D costs incurred over the year give rise to the R&D rebate being granted after the end of the financial year. You'll need to look at the total R&D costs for FY '22 to see what % of those costs SPX gets back in the rebate to see what the net R&D cost in fact is.