Urbanise has always been a software company. While they did lease some low unit cost hardware devices through their IoT division, this was never a significant % of revenues.
The information from Payscale.com is based on a 2019 sample of 1560 reports. There are about 50,000 CEOs or MDs in Australia so this is a statistically significant sample size. The "total pay" range goes up to $351k.
It is not clear at all that the ship has been righted, when 40% of the company's value has been destroyed in a little over 6 months and it continues to burn cash at the rate of about a quarter million per month. YMMV.
UBN Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
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