Thanks for sharing MIKE528.This is a great personal update from...

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AussieCowboy

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20/01/24

08:46

Post #: 71974728
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Originally posted by mike528: ↑

Received a response to the above email.
One of the key takeouts: To all those who have been getting juiced up over revenue projections by some contributors here, calculations based on assumptions not the least being we have had 800,000 active subscribers, always question the hype.

Hi Michael! Good to hear from you and thank you for taking the time to share your concerns with us.The B2C division (aka Subscription) numbers fluctuate depending on the marketing campaigns being run at any one time. But no - there has never been 800k active subscriptions at any single time. Retention is something we are working on, and we anticipate new B2C products will assist this in due course.The NVISO collaboration has slowed down due to some management changes at NVISO but the critical milestones to receive funding through the BonsAPPs program have been met, securing a $120k grant in Q1 FY24. Further penetration of Japan is firmly on the agenda (with and without NVISO) and we have learnt a lot from our work with NVISO which has also benefited our Digital Human platform.Tech development and revenue are still progressing with much of our focus over the past six months being the self-service offering of the Digital Human platform which soft launched last month to select clients. This is part of the platform is mission critical in scaling our platform so that revenue can grow faster than development costs around bespoke solutions. Our Big 5 Tech client provided a fair bit of input around the platform which has been taken onboard and we are very happy with how that partnership has grown.Our priority is to develop a reliable tech platform that is scalable and will generate profitable revenue. We’ve had shareholders reach out asking why we didn’t pump out news to inflate the share price so options would be exercised and it’s simply not how we operate. There is a long-term vision that will be reached as we continue ticking off milestones in our technology roadmap and the broader launch of the self-service offering is firmly in our sights.We are in the process of finalising our Q2 FY24 report and I hope that will further address your concerns with some updated numbers.Regards,Idan

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Thanks for sharing MIKE528.
This is a great personal update from Idan for you - very believable.
But if you didnt share it, who else would have benefitted?
Why doesn't the new breed of CEO out there release this sort of general but well thought out info to the market and get a reputation for keeping close to shareholders?
Just wondering ...

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Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $23.32M

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Thanks for sharing MIKE528.This is a great personal update from...

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