Monthly churn rate 8.5%...wow, lost one quarter of their past client base in 3 months. 6% increase in total paying clients but 1% drop in revenues. From the report:
The cash flows include receipt of an R&D tax rebate of $0.6 million
So cashburn for quarter without R&D rebate would have been $1.4mill? Looks like they're back to the trough for another capital raising (around 2 months of cash left in the bank). Who's in for the raise?
They're still hanging on to grim life. At least they're fighting to the end.
QFX Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
