Half yearly will be out in the next 2 days so should be able to get a good indication going forward how costs are tracking revenues.
Pipeline was 5-6 times FY18. If they go close to $20M FY20 then will be pretty close to Breakeven IMO.
FY21 Blue sky after that if they can keep revenue growth at say 50%. which IMO being contracted income is achievable and new verticals added then earnings will accrete very quickly.
Looking very positive for a LT hold here at these prices.
Cheers