My kids used matheletics and I liked the system so brought the shares...
The growth in revenue and profitability has not taken off.. the results for FY 18 were poor. The challenge is creating an effective sales model for a low cost and keeping existing customers from cancelling their subscription.
The profit results need to be adjusted for the r&d cost which has been capitalised. I would like to see r&d expensed and not capitalised.
I have hung on for a few years waiting for the “hockey stick growth curve” so will reaccess after yesterday’s announcement.
Ann: 3P Learning announces FY18 Full Year results, page-5
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