RE: Expenses administration6 Jun 2020 23:39
Revenue from recurring contracted software subscriptions was £4.0m (FY18: £4.0m) and from associated professional services was £0.8m (FY18: £0.7m). After a sound start to the year in terms of professional services billing, this also weakened in the second half, due to the lack of new deals, giving us the opportunity to invest resource in developing relationships with potential Channel Partners and existing accounts.
Gross Margin
Gross margin in the year was £3.5m, or 74% (FY18: £3.3m, or 69%) after accounting for commission payable to the Group's business partners. This improvement in margin demonstrates the results of our investment program, as anticipated. Reported gross margin is the combined gross margin over both recurring software subscriptions and professional services.
Overheads
Overhead (de?ned as the aggregate of staff costs, other operating expenses but excluding those costs included in cost of sale, depreciation of tangible assets and amortisation of intangible assets, and share based payment charges) increased in the year from £4.1m to £7.8m. We have managed our post IPO investments in the light of weaker sales delivery to protect our cash position and overall P&L result and savings to our originally projected investment plan have been made without jeopardising our overall strategy for future growth. Included in these overheads was £0.1m of non-recurring administrative expenses. Interest expense at £67k is down on the previous year as debt has been repaid.
you need to read this one first and we chat later , if you see they have income over 4 millions and they send over 7 millions just let you know.
company now spent over income and that why the share down from 79 to now . bigger share holder they sell all and we buy in if we thing it is cheap
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