The current model is broken. I can't see how any of the current revenue generating methods scale. We seem to be a middle man orchestrating things that drive business to other companies.
Need to be more effective at getting a piece of that pie because right now, we are earning about $2/user/quarter. At 500k/quarter burn we need 250K clients to break even. Theres about 8 mill Aussies between 15 & 40 which is our target market. we need about 5% of those to break even (allowing for costs to grow some with additional users) and atkeast 10% to be able to make meaningful revenuses.
Basically profitability is a dream unless the business model changes significantly.
For example, if we can take a little of the foreign exchange cost (.1% for example), we can ramp revenue very quickly.
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-5
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Last
0.4¢ |
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Mkt cap ! $3.787M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $5.063K | 1.272M |
Buyers (Bids)
No. | Vol. | Price($) |
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24 | 13231900 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 1162590 | 5 |
View Market Depth
No. | Vol. | Price($) |
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23 | 13065234 | 0.003 |
10 | 7644004 | 0.002 |
2 | 4300000 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.004 | 1162590 | 5 |
0.005 | 9724458 | 33 |
0.006 | 2857825 | 16 |
0.007 | 523488 | 3 |
0.008 | 986203 | 5 |
Last trade - 13.29pm 07/06/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.53pm 07/06/2024 ? |
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