Marianas Lab was acquired on 29 December 2015, then Branchout.com was shut for upgrading, still not completed yet.
I suspected the company has been integrated new data tech into Branchout and their sourcing platform. That might be the reason of the delay of revenue recognition/earnings.
They did downsize the valid professional profiles which is more real.
The client retention rate 90% is not bad. New books of $700k, should be on top of last quarterly annual bookings of $4.2m.
The fundamentals don't look too bad, IMO.
http://Disallowedlink.com.au/wp-content/uploads/2016/03/1PG-FosterFeb16.pdf
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