Long term outlook26 Sep 2019 19:41
I read the RNS' twice now for any buried information. There are a few demons in there. Revenue from Verify only totalled £113k in H1 2019. Location data and insights seems to haemorrhage money losing £800k in H1. That's not great but with sales of £100k per month they have increased their income in the past 3 months or so. Plus as somebody has mentioned they have only burned £100k in the last 3 months which is encouraging. There was rumour of LSAI releasing another product this year which may be a step in the right direction but it cant afford to draw huge losses. I do think the team are on the right track it just seems slow but then again anybody who disrupts a market and attempts to combat fraud is going to meet resistance. They have a placing but the quantities of money they are asking for are small.
I think i will top up again shortly. I still have faith, their revenue is growing and so is their US team, they're working hard, its a matter of time until they win work and increase revenue.