I thought it might be good to keep RentPay discussion in one place.
Current customers as at 31st October 31st 3,556.
I have been reading todays investor handout, which has this number on page 11. This made me curious because it seemed such a small increase from the Q1 update. Well the Q1 update of 3,537 was 'as at' NOW so 27th (or 26th). This means that Q1 FY23 was not 530, but over 4 months.
Therefore they gained 19 customers from 27th to 31st. 4-5 per day. That is very slow considering how much they are spending on marketing at the moment. I am hoping there is something slow with this reporting, but we are looking at $859k in marketing in 2022, up from $481k - that is a lot of cost per customer, makes that $2 per month they charge feel not necessary.
I am really looking for good news about customers soon, because there is a lot of money being spent on marketing now, and not a lot of traction.
RNT Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
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