Subex Ltd

- The company is engaging with investors, including institutional investors, with the intent to bring them in. - However, raising funds through investors is not the top priority at the moment. - There is no explicit mention of current or immediate plans for new fundraising through debt or equity. - The focus appears to be on business transformation, growing monthly recurring revenue (MRR), and achieving steady growth. - Management is monitoring costs and optimizing business operations to improve financial health before pursuing significant fundraising.

- The company is focusing on a major transformation towards cloud adoption and fully integrated cloud solutions, especially targeting tier one and tier two customers. - There is a significant investment in developing the Hyper Sense AI platform and new digital trust products. - The focus is on building and executing in high-growth large areas with future revenue growth expected from March onwards. - Capex or strategic investments are not explicitly detailed on page 23, but the ongoing product development and cloud infrastructure indicate continued capital allocation in technology and platform enhancements. - The company is managing costs tightly, especially engineering and employee-related expenses, which are largely static but optimized. - Investor engagement is ongoing to potentially bring institutional investors on board, but it is not the top immediate priority.

- The company expects steady growth in Monthly Recurring Revenue (MRR), which stood at USD 2.3 million as of September-end. - Quarterly recurring revenue from MRR is approximately USD 7 million, with a one-time revenue backlog of USD 14.7 million. - There is an anticipated significant increase in MRR by March following new deal closures. - New business lines, particularly those associated with the Hyper Sense AI platform, are expected to drive revenue growth. - Current new business contribution is under 10% but targets reaching 10-15% revenue share to attract more investors. - Revenue growth is expected to rise gradually over the next two quarters with QoQ MRR growth becoming more visible. - Despite short-term dips due to subscription model transition and customer budget squeezes, long-term sales growth is projected due to increased customer base and new product adoption. - Growth in new areas projected to be about 3x of last year's performance by year-end.

- The company is transitioning from a license to a subscription-based business model, with focus on growing Monthly Recurring Revenue (MRR), currently at US$2.3 million as of September 2022. - Management expects gradual MRR growth quarter-on-quarter, with significant increases anticipated around Feb-March 2023 as new deals start to contribute. - Overall revenue growth is expected to be moderate initially, with MRR growth being the key performance indicator stabilizing before overall revenue improvement. - EBITDA was marginally positive in Q2 FY23, but net losses are still reported; free cash flow is negative due to operating losses. - Management requests investor patience through this transition period, aiming for steady growth from new business streams and products. - Employee costs are controlled and are unlikely to scale linearly with revenue growth, aiding margin improvement when revenues expand. - No immediate top priority on new institutional investments, but engagements continue to strengthen financial stability.

- The company no longer reports a traditional order book or 12-month order backlog as it's no longer relevant to the new subscription-based business model. - Instead, the key metric is Monthly Recurring Revenue (MRR); as of end September, MRR stood at US$2.3 million. - The contracted backlog (one-time revenue) is about US$14.7 million. - This backlog corresponds to one-time revenue and does not reflect the recurring subscription revenue. - The focus is on growing the MRR quarter-on-quarter as new business areas and the Hyper Sense platform scale. - Some new deals are expected to start generating Monthly Recurring Charges (MRC) revenue by February-March, leading to significant MRR growth from the March quarter. - Overall, the company views MRR as the critical measure for orderbook/pending revenue visibility moving forward.