3q conference call, page-11

Just looking through the financials in the CC and noted a few things:

- Revenue for the year $8m and forecast to be $12-15m by year end, so can expect revenue of $4-7m in this quarter.
- Cash receipts are expected to outpace recognised revenue for some time.

Looks like the sequential quarter on quarter growth is not in jeopardy.

I don't understand how the deferred revenue works. If we have $18.4 million in deferred revenue does that mean we have the cash but just haven't put it officially on the books, or is that more cash guaranteed to come in? Anyone with an accounting background or understanding care to explain?