Yeah, it sucks being early to the party, but you knock back a few drinks, have a few awkward conversations and before you know it everyone has arrived and it's kickin off.
- Skyfii have proven the demand for their product and cut their teeth in Australia and growth has been okay but not enough to interest the market. The recent hiring of John Rankin will hopefully yield results in new verticals in Australia (hospitals, education, transit, healthcare) where Skyfii have already gained momentum.
- They've raised a bunch of capital and are expanding overseas, focussing on US and UK markets. Wayne said he had intended to do this sooner but he is happier that the product is better refined now. Any significant announcements in these regions could be a attention grabber and catalyst for the company and Wayne seems pretty confident about the demand for their product.
- The company is still in the land-grab phase and are still exploring with their customers how useful their product could actually be. It will be interesting to see the performance of the 'new and improved content delivery line'. There are a great many possibilities for expansion of their product and the product has been designed in such a way to be adaptable & integrable.
Just hope they can get the market interested or be cash-flow neutral before needing to raise again but they seem to have re-focussed into a clear direction recently after their initial expansion may have become too widespread.
SKF Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
