From the last CEO annual letter:
"In practice, we’ve now demonstrated that on our present expenses trajectory (which also was reduced very significantly during calendar year 2020), any month where we can drive more than approximately A$3.7 million in revenue (using % margins achieved in 2020, this generates approximately A$1.5 million of margin, which is what our fixed monthly costs are) can be EBITDA positive. Looking to 2021, this is a very achievable bar to exceed."
Thats $22.2m breakeven for 6 months. Company predicted $24—$28m.
Sadly no one believes Dave anymore. Only 600m proxies cast at the AGM voting him back in. Sad state of affairs this.
