That's quite annoying given it's quite difficult to decipher...

That's quite annoying given it's quite difficult to decipher just how much Spenda makes from diff sources.

Just in relation to payment/ transaction income:

As per the half yearly, based on $250m payment volume for the half they achieved $2m gross revenue

H125 $250m = payments volume
$2.7m revenue (SAAS and payments) gross
$2m is payments, 700k SAAS and impemenation roughly EBITA is $1.2m
So payment revenue is 74% of total SAAS/payments
Costs are circa 55% of revenue
So $250m in payments gives you around $2m revenue or .8% gross income on payment volume
$138m last Q gives you .8% @ $1,104,000 in payment income gross, or $607,200 net
This tells me the gross amount Spenda recevies (on average) per transaction is .8%
This tells me the net amount (after costs) Spenda receives (on average) per transaction is .44%

Any thoughts?