Hi Pods
Trust you are well.
Not sure what’s behind the question, but I could respond with ‘an unprecedented heatwave in QLD’ or ‘the Sun rose in the East and set in the West’ on both days (LoL) , but I suspect you are querying the 7 + % price move. If so, I can only share some insights on which I have built my conviction. Probably worth going back through 2 years of half year and full year financials and in so doing, re-live their journey on investing for the future, perfecting a product and the resultant build of sales in the huge USA market.
The Company advised they would be cash flow positive by 31 Dec and have recently reaffirmed that they will achieve this milestone. At the core, progress is being fueled by the value proposition of their product, the continued building of scale, a high gross margin and a very respectable component of recurring Revenue.
Supplying 55 of the top 100 churches in the USA is a wonderful market endorsement of their product and will surely be centre-stage in their future marketing. You can read some of the earlier posts on this forum for more details and other’s thoughts on the risks.
IMO, the prospect in financial terms will become a lot clearer to the market when they release their next financials but please DYOR.
Take care
Rokewa
