The chart of cash receipts updated to end of September (3Q16) confirms the minor fall that occurred in the previous quarter to be a timing issue and immaterial to the rapid growth being evidenced.
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Shown again for comparison is the chart of estimated quarterly revenues calculated at the beginning of the year that would achieve the US$18.5M (A$24M) baseline target for CY2016 at a regular growth rate. This estimated A$12.5M to be booked by the September quarter. The reported revenue of A$15M to end of October shows revenue growth to be well on track to meet the CY2016 target.
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