If the SYT predicted costs are close to their prediction of $2.2 million for Q3 2019, then we only need a 16% increase in revenue for the quarter for revenue to exceed costs for the first time. (Revenue last quarter was $1.9 million). However if we get a quarter on quarter increase of 80% like last quarter then we have revenue of $3.4 million for Q3 2019. Customer receipts may lag a quarter or so behind but if we hold the revenue above costs then we are getting close to cash flow positive.
Seeing that we had a recent CR and SYT have said that they are increasing staff, I expect that the quarter costs to be higher than $2.2 million at least going forward and maybe the 80% increase in revenue was a one off. That said, if revenue can increase at a greater rate than costs from here on then it's almost time to get very excited indeed.
I am looking forward to the quarterly report more than any other. A bit over a week to go now.
SYT Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
