Revamp of the model13 May 2020 12:42
Hi guys, I listened to Aidan Bishop's interview from the ************* conference. The key takeaway is that the company are already advanced in revamping the revenue model post Covid19 away from simply the transactional model. Pre Cov19, they were already thinking about adapting from just bringing diners to restaurants and the pandemic just accelerated this thinking into action...increasing functionality in the app. To be honest, he wouldn't give any details but I got strong feeling that positive RNSs will not be long coming..also, he mentioned that pre covid19 they were already in advanced discussions over non straight equity financing..he stressed that the company is well financed till the end of the year so maybe if they do raise some form of debt financing it will used to further accelerate their plans which can only be a positive..I got the feeling that financing would be done via a new tech fund geared to restaurant space...UK sales team furloughed whilst tech team in manila actively working albeit from home..notwithstanding the awful state for the restaurant space currently, I am greatly encouraged by the fact that BigDish were already in the process of actively adapting their business model and Cov19 has sped this process up and has potentially presented new opportunities for them.