Thanks for the information.
Could you please provide more details on “New License revenue”?
Insiders are selling and it is a big concern. Is anyone know about existing clients? They have mentioned many big names in their client list.
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Concall notes:
- Uptick seen after eight quarters in business
- Raised 130 cr through preferenctial allotment which will be utilized
for repayment of existing loans and to strengthen products, and selling and marketing
activities. - At $27.6 million (228cr), booking for the quarter is highest recorded in eight quarters.
This is 103% higher than December 2021 Quarter and 59% higher sequentially from
September ‘22 quarter - During the quarter, unexecuted order book was $191 million (1500cr)
- Attrition came down by 6% on a trailing 12-month basis, with the trendline
clearly moving downwards. - HRP is totally subscription based, other businesses would be annuity type
- The unenexecuted order book once started to execute will ensure revenue for next 4-5 years. Same will continue as new orders keep coming.
- Order writeoffs will continue to happen til next year q3 that is another 4 quarters. So P n L will continue to show losses. However managent aims to initially becoming cash positive, that may take 1-2 quarters
- 93 crores of leftover debt would be paid off, and 35 crores of cash left from the raised funds would be used for clocking new orders
- Write offs are based on, during the pandemic, lot of orders were stopped, or
companies went back; so all those things which company recognized because recognizing licenses, and so on. So, once a project is stopped or stalled company is prudently looking at and making sure that they write off whatever they think is not going to revive.
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Can anyone explain the meaning of a trading plan by the CEO?
he keeps on saying many things but unable to deliver anything ,
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In my view, the company is doing well on QOQ bases
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Right now company is EBITDA positive and in the next quarter company might be profitable
- On daily basis company making H&S pattern which is bullish sign
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still not making profits and no cash being generated
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My analysis is on the earlier stage, but in my view, some good changes are happening in the company’s working capital and cash conversion cycle.
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As per the data I think the company made a profit from the nearest quarter.
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The company is also debt-free so there is no more extra burden on the company.
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