Anyone else think the CEO is making a mint?
Why is the CEO paid so much when revenues have been stagnant for 5 years and the higher margin software and sma revenue was down from $4.9m in 2020 to $4.4m this FY?
Given that one of the key objectives given (word for word) in the FY19, 20 and 21 report is
'Continue the ramp up of recurring revenue based on our subscription based pricing model'
Software and SMA revenue has hardly moved [varied between 11% (FY19) to 17.6% (2HFY20)] as a percentage of total revenue (which is flat). The latest figure is 14.2% for FY21. Is the CEO meeting objectives/worth the money?
Clearly the results are covid affected but i believe for software it was only a timing issue. We've been living with covid for 18 months and the higher margin software revenue really hasnt moved.
I'm probably being too critical but when total renumeration is $791,257 FY21, $875,304 FY20 and $770,507 FY19 i think as a shareholder i'd expect better results.