Yes, it seems the Telstra restructure has merely delayed Cirralto's growth trajectory:
Whilst the changes to the Company’s operating environment has had an impact on the FY18 financial year, this will impact positively the FY19 financial performance as we load the front end of the financial year with the transferred FY18 operations.
Cirralto’s Board is confident that the impact to the Company’s financial performance will recover quickly and that the Company remains positioned to realise the growth trajectory signalled by the strong customer engagement in the back half of FY18 across the major franchise groups in the Australian and New Zealand pool services sector.
Although Telstra's imprimatur on the Cirralto offering was no doubt beneficial for sales, eliminating Telstra (the middle man) and its slice of the action, must surely add to CRO's bottom line.
Cirralto's shares are arguably already well over-sold here.
CRO Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
