I know what they say, but they rarely do what they say. DUB announced the project would begin immediately early NOV, the solution would be deployed in 8 weeks, and 1.68m in revenue would be received over the 3-5 month project period. If you take this announcement as truth then the majority of the 1.68m in revenue is due this quarter. But alas the story starts to drift. On 29 JAN they now say the agreement, and the 1.68m in revenue, is subsequent to an initial deployment, and the project commences in Q1. So now it’s more of a “maybe” we will get the revenue subject to an initial deployment which, unless I am wrong and missed it, I don’t believe we have received any update saying it was deployed successfully all of 5 months later. This is why I am growing more sceptical by the day and looking beyond their words, to the 4C and the actual numbers.
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