Doing some research on this company based on quarterly...

Doing some research on this company based on quarterly statements and publicly available information (no recommendation and DYOR)

Total receipts:
Q2 2015 $506k
Q1 2015 $556k
Q2 2014 $565k

Total costs:
Q2 2015 $2179k
Q1 2015 $2302k
Q2 2014 $1370k

Quarterly cash burn:
Q2 2015 $1726k
Q1 2015 $1750k
Q2 2014 $926k

Net cash: $1759k at December 2014
Interest expense:  unknown based on $4million drawdown last quarter (impact in future quarters)
Listed: 2007
Ever delivered profit since listing?: No

Competition:
(1) NAB: launched (http://www.nab.com.au/business/payments-merchants/receiving-payments/nab-now)
(2) CBA: launched (https://www.commbank.com.au/business/merchant-services/accept-payments/leo.html)
(3) ANZ: launched (http://www.techcentral.co.za/payment-pebble-makes-international-debut/52269/)
(4) Westpac: launched (http://www.westpac.com.au/business-.../mobile-payments/mobile-payway/?view=Standard)
(5) Bendigo: launched (http://www.bendigobank.com.au/publi...chant-services/face-to-face-trading/goposlite)
(6) St George: launched (http://www.stgeorge.com.au/business/payment-solutions/mobile-payway)
(7) Square: launching (http://www.computerworld.com.au/article/560323/merchants-welcome-square-australia/)
(8) Paypal: launched (https://www.paypal.com/au/webapps/mpp/accept-mobile-payments)
(9) SmartPay: launched (http://www.smartpay.com.au/EFTPOS Solutions/EFTPOS Terminals/Mobile EFTPOS.html)
(10) Quest Payment: launched (http://www.questmicropay.com)
(11) Tappr: launched (http://mytappr.com/accept-card-payments)
(12) various other small competitors launching in Australia