Just had a look at the announcement from 6/06/18 that was referenced in this announcement.
The activity is made up of Cash Receipts of $410,000 to date which have been generated
through Purchase Orders received in previous quarters, as well as $250,000 of Accrued
Revenue via shipped and invoiced product most of which is receivable in the June quarter.
When you compare those numbers it does look better but that graph is misleading. I would like the company to clarify if there is a reason why they are doing the anns this way.
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- Ann: Connected IO revenue grows with accelerated outlook for 2018
Ann: Connected IO revenue grows with accelerated outlook for 2018, page-25
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