Peppermint Innovation’s (ASX:PIL) share price soars as market realises platform potential, page-667

Heres the extract from the 4c ...and I cant see any meaningful explanation for the 50% revenue drop - in fact with the large increase in agents its actually is worse.

ESTRACT FROM THE PIL 4 C

bizmoto operations

Further COVID-19 lockdown restrictions and strict limitations on business operations in the Philippines during the March 2021 quarter resulted in the bizmoto platform delivering cash receipts of A$397,000.

( doesn't lock down imply more on line transactions ??? ....because thats what has happened everywhere else )

Note : I dont believe conditions in the Philippenes has improved during the current quarter .


All key metrics for the bizmoto App utilization increased circa 8% to 10% during the March quarter despite the harsh economic and social conditions, and the subsequent interruption in the company’s ability to deploy capital resources raised during the latter part of the quarter.

The number of registered agents increased to 55,119. The bizmoGo program increased on the previous quarter, with 665 merchants and 636 riders registered respectively as at the end of 31 March 2021.