There are mixed messages here:
Revenues Q on Q are approx. 7% LOWER
product costs are about 22% HIGHER
Cash receipts are lower
Net-cash used is only slightly lower than previous quarter ($53,000)
Quarterly cash-out is again 1,000,000+
Interesting to see that the non-enterprise segment is being highlighted - would be nice to get some real numbers here. In a previous investor deck (Oct 2018?), there were only 300 odd web-users mentioned..
Another great big bank deal. Would be nice to get more details on the two other banks and bloomberg. When is the revenue going to kick in? Does the delay have to do with the delay in the new website?
There is obliviously demand and good traction, but we need the big deals to start generating cash.
KYK Price at posting:
16.0¢ Sentiment: Hold Disclosure: Not Held
