Half year results for FY23

Revenue overall is down. Project photomapping revenue ceased and merged into Metromap. Growth in Metromap did not outpace the loss in revenue (2.2m v 800K).

LIDAR revenue got impacted by aviation and weather factors (sounds a bit similar to Elders?)

Operational cashflow increased but also payments for intangibles increased from previous period which I believe is due to all their work upgrading their sensors. Hoping this is a one-off increase

Finally overall expenses increased. Guess this is due to the US work the company commenced in the year (travel/employee expense) and the new sensors being rolled out (D&A).

My assumption is the market wasn't too happy due to the drop in revenue vs the increased expenses. Probably need to wait till next period to see if any of the increased spending is reaping rewards.

[held]

Finding the trade activity a bit strange

Appears that someone wants in but there are not many sellers on the offer side. So share price has held

I managed to get a partial order around 42c. Which is incidentally is the buy price the CEO paid on market.

Seems that something is up. Perhaps the google news has changed sentiment and current holders are holding tight.

[held]

Bit of bot trading yesterday

Only three shares traded to get the share price to 43c.