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I do agree andinio, and wonder if worthwhile reaching out to Dev team to try and get more info if they are able to provide. Something I find exasperating in companies trying to grow or penetrate new markets (having experience of this through my own career and business) is how awful many are at comms and leveraging marketing to help build momentum even from simple matters such as having effective web/socail media presence if in the tech sector.
DIP666
It'll be interesting to see newsflow post April.
Pingu777
Yes, agreed. But there was a lag of two months between launch and change of tac. I'd of liked to know trial rate and signups. They must have issued pricing and attempted sales.
Looks like it's down to April and beyond. I'll watch and wait.
Thought the UK roll out was to be at same time as USA now andinio?
I totally agree we need more detail to evaluate success of current strategies. This isn't going to be an overnight success Andinio, I've reflected the speculative nature of this stock in terms of the amount I have invested into this stock and for me its more the progress they make over the next 12 months that has lead to my investment.
DIP66
How many schools in UK signed up since launch on Nov 4th?
1, 5, 10 or zero?
Get your shares sold then gents.
An increased roll out project across the whole of USA incorporating a huge tie up with Lenovo would take focus, resource and of course, time. The story so far is self explanatory of the delays forme.
Despite the losses the Operational highlights cover plenty of positive points with
1/ launch of VICTAR,
2/ signing head of terms with Lenovo for global rollout,
3/ establishing agreements with World Skills Show Live, Career Development Institute and ICould for UK expansion
4/ Launch of Engage and commercial partnership agreements established with Eagle Eye Solutions, Yoyo Wallet, Toshiba UK, Valassis UK and TOTEM.
5/ Enhancing the leadership team
6/ Cutting some NPD to focus on the Lenovo rollout
Launched in UK on November 4th. How many schools in UK signed up?
Given costs to attempt to rollout in USA plus lag time between launch and cashflow, it's not inconceivable that a silver tray will come out yet again later in the year.
The breakeven at Oct 31st was not achieved and comes without any clearly defined explanation. Just ignored as if it was never said.
Was supposed to break even last October..a placing needed to get there before income starts filtering through?
Expect to hit break even by q3 this year. V bold from the management team.
Big loss
Yep.
2.8% increase in revenue
100% increase in loss. EBITDA loss of £1,015k (2018: loss of £498k)
Is that £1m..correct me if wrong.