97% increase in annual revenue with shift to positive cashflow underway
Highlights
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$32.5m annual sales revenue – up 97%
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Five year average annual revenue growth - 76%
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Annual processing revenue up 150% on FY21
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$23m+ in new cash expected shortly adding to end of FY22 balance of $6.1m1
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Shift to positive cashflow underway as cash used falls 48% in June quarter
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$16.6m loss before income tax after substantial investment in new business lines
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Strong delivery against FY22 growth strategy
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ATX acquired and successfully integrated
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Visa and Mastercard acquiring licences delivered
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Reckon partnership generating revenue
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Remain confident of progress in delivering restricted bank licence
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