9SP 0.00% 0.4¢ 9 spokes international limited

Good to see 9SP close the deal with the US Bank, but concerning...

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    Good to see 9SP close the deal with the US Bank, but concerning they still couldn't get the announcement right yesterday and need to do another release today to inform (pump?) the market.

    25% additional revenue is about $1.9m, last year they lost $9.3m before tax, so not sure it helps them that much.

    Even with a large implementation fee, its unlikely to make them cash flow positive across the year.

    9Spokes have also never made material revenue from the apps and since IPO have never reported on that.

    Again, its a positive announcement, but for those new to the share, worth being aware of the above.

 
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