EBITDA positive in June....actually did something they said they would.

Expected to continue FY24

Couple catalysts including Gen 3 gaming launch together with Optus launch - 1H24

continued roll-out of 5g towers -- 4 complete, need 8 to launch product but using capacity to sign on traditional on-net customers

Nexus rollout strategy under review

$9.9m cash balance

market seems to be like it....seems like the tide is turning at last

After insisting at 35c and at 30c and at 25c and at 20c that they don't need to raise money, I am suitably annoyed at the outcome here. 25% dilution could have been avoided. What a joke!

Unfortunately very much in the red at these levels, and valuation considerably lower. Hopefully they actually pull one out the bag now and execute.

metrics all improved: GM up 4% vs Q1, rev +7%, GP +10%, ebitda loss reduced/overheads reduced by 2%. Arpu up 6%. subs flat

727 nexus units now installed, 44% activated and increasing daily. all major issues have been resolved.

5G - first tower has been installed and in testing phase. Commercial launch later this FY. will add significant capacity

Geforce: 57% growth in paid memberships q0q; 311k total members, still growing strongly. Still waiting on next gen hardware, agreement near completion.

Have done the majority of what they said they would at the last meeting I had with them which is pleasing to see. Only disappointment is Nexus, they had implied all 700 would have been activated by now so slight delay there with only 44% complete. But a relief to see no new disasters... could they have finally turned the corner?

Quarterly highlights - on net has slowed considerably, resulting in slight drop in gm. Looks like this will be offset in Q1 by nexus - had 240 applications for sign up since late june which is strong, and have added total 580 meshy bois/11600 sub points. Arpu steady. Geforce now over 200k users but no new tiers yet, still just talk. $13m cash. Outlook confident.

Next quarter will be vital, if can show good growth in nexus AND revenue this should rerate.

The feedback I have seen on twitter/reddit with regards to the beta play is looking pretty good, mostly very positive reviews esp around low latency. Not a bad start!