Ann: Half Yearly Report and Accounts, page-6

Interestingly the presentation differs from the report, slightly:

Report:

Flexiroam’s customers originate from the following top 10 countries by revenue: Malaysia, Singapore, Indonesia, United Arab Emirates, Taiwan, Brazil, United States of America, Australia, Philippines and Thailand.

Presentation:

Top countries based on number of subscribers. Data as on 30th of September, 2018: Malaysia, Singapore, Indonesia, United Arab Emirates, Brazil, Taiwan, United States of America, Australia, Philippines and Thailand.

I'm completely astounded that Taiwan could be bringing in more revenue than Brazil. The segment reporting shows $280k for the whole of South America.

It also shows $183 of revenue in Antarctica!!!

No turn down in cash burn??? Are we reading the same report???

I believe that the Sales & Marketing expense includes commissions paid to distribution partners?

Even then, it only increased $110k from $1.3m to $1.4m on the back of $1.5m in revenue growth. I'd suggest that's highly efficient.