The 8CO 4C for Q2 FY25 is out today and unfortunately it's much the same as previous quarters

• -$12k operating cashflow. Cash on hand of $100k
• Total Revenue down from $2.25m PCP to $1.78m
• Federal Gov Onboarding pipeline unchanged since 30 Sept 2024
• ARPU down 1% on previous quarter, but up 10% on PCP
• The small specks of good news are total users resuming its uptrend from 163k to 182k, continued reduced admin costs and a record SAAS revenue figure, but in the greater scheme of things these wins seem relatively minor.

I've ridden this one down 74% IRL, but this was the quarter I finally cut it loose. They make all the right noises every quarter, but the truth is that it's a ship that is taking waaayyyy too long to turn around. It's hard to see any catalyst in the next 6 months that will trigger an SP rebound.