Hi @jaluma, thanks for the imput. It is very clear that the...

Hi @jaluma, thanks for the imput.

It is very clear that the company has made some excellent progress in the 12-18 months.
The key to the progress appears to be from redefining what the company actually does, by redesigning the platform into a "must have" rather than a "may have" product, especially with reference to aged care.

Whilst the Mining sector growth has been slow for a while (and I think reflects the fact that Mining companies are reluctant to spend too much time or money on employee welfare), the Aged Care sector is being forced to re-assess its postion after the Royal Commission, with various deadlines for changes in staffing numbers and communications with residents starting to rapidly approach.

My money is on some big steps forward in Aged Care  this year which will not only improve the overall revenue of the company but also the gross profit margins. With Swift Access now generating vastly superior GP margins, and Swift Access room numbers growing at 23% per quarter,  it wont take much more to tip the balance for overall margins of the company to exceed 50%. (44% As of the AGM presentation).

In 2023, the company posted a revenue of $19 mill, a cost of sales of $11.37 mill and fixed costs of $7.23 mill. Overall, GP margins were 40%. If, this year, the company is able to hit 45% GP margins (which they are on track to do), keep fixed costs stable and increase revenue by a modest 5%, then they should almost double their EBITDA for FY24 to $1.8 mill. (Just imagine if we didnt have the debt. EBITDA would be closer to $2.5 mill!!)

So yes, we are clearly at a point of inflection. The market will eventually discover this little gem