Just had a read of last Q numbers. Looks like Staff costs will...

Just had a read of last Q numbers. Looks like

Staff costs will be $3.6-$4m for the year
Other main costs and rent $2m

So $6m

Rev in Dec Q was $956k
Rev in Mar Q was $1.35m

They took out a $750k loan which kept the lights on

Cash at Bank was $956k is $1.35m so that appears to be enough

I would like to know how they increased revenue 40% in a quarter and is that a new client (few new clients) and will it be repeated. That is excellent revenue growth - yes young company I know. I'll watch to see if that is sustainable

New Revenue from new LIC, assume $70m at 0.5% = $350k a year well that's nothing but I expect they might be able to start "burying" their own Opex costs in these vehicles. Maybe a salary, rent share and so on.

Projecting growth of 20%pa on revenue at $1.5m last Q = say $7m pa revenue

The minimum opex for CGA seems to be about $6m pa

I'm struggling to see a $50m valuation on this, closer to $35m for mine on even optimistic growth projections. Still, wouldn't be hard to get this thing to say $5m NPAT and then $50m Market cap is maybe even looking cheap

Will watch the next quarter numbers and annual report, keen to know where the revenue growth came from