Ann: Alcidion Announces Appendix 4E - FY17 Preliminary Report, page-8

First 8 Last

Share
Profile

Follow
willchang409

530 Posts.

824

31/08/17

20:01

Post #: 26910921
Share

Originally posted by Subs ↑

In the quarterly released on 31/07/17 we were told in regards to the $NZD1.60m contract with the MidCentral District Health Board in New Zealand that:

"This initial contract is expected to be delivered in FY18 Q3 and as such, no revenue has been recognised in the current quarter."

This is also part of the current financials, so your comment that "but they don't have a meaningful amount of cash paid to them as unearned revenue" is just wrong. To add to that they are spending significant dollars on setting up this environment. Dollars that show in THIS financial year. We also know that the costs to setup initially are high, but if they get a similar configuration, ie more hospitals in the same group, the price drops significantly, I believe it was described as "plug it in and switch it on" in a recent video presentation.

Further to this we can see that "receipts from customers & R&D rebate" increased from $3,209,630 in FY16 to $4,345,205 in FY17.

I would also point out that very little of this report would come as a surprise to any share holder, everyone was aware there would be a loss. We read the quarterly's we see the contract announcements...

Expand

Something to add as well:

During FY17, The Company invested a $1.739m in Product Research & Development, principally focussed on the development of Revenue Optimisation Algorithms to analyse Activity Based Funding reimbursements and User Configurable and Predictive Analytics.

They have made a provision of $782,757 with respect to its full year, Research & Development Tax Incentive Claim, which the refund will be received during Q2 FY18.

ALC Price at posting: 5.3¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

There are more pages in this discussion • 49 more messages in this thread...

First 8 Last

Add ALC (ASX) to my watchlist

(20min delay)
Last 4.6¢		Change -0.001(2.13%)		Mkt cap ! $61.75M

Open	High	Low	Value	Volume
4.6¢	4.7¢	4.5¢	$40.01K	878.6K

Buyers (Bids)

No.	Vol.	Price($)
1	299911	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	54544	6

View Market Depth

No.	Vol.	Price($)
1	299911	0.046
9	1392275	0.045
10	1039112	0.044
3	1150000	0.043
3	263000	0.042

Price($)	Vol.	No.
0.048	54544	6
0.049	104850	3
0.050	142961	6
0.051	185000	1
0.052	815000	2

Last trade - 16.10pm 19/06/2024 (20 minute delay)

ALC (ASX) Chart

Ann: Alcidion Announces Appendix 4E - FY17 Preliminary Report, page-8

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Alcidion Announces Appendix 4E - FY17 Preliminary Report, page-8

Top Stories

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News