Ann: Animoca Brands secures $12.6m contract in iClick partnership, page-37

That's what I'm saying, they are reselling someone else's product. So a good portion of that revenue will pass through to iClick above the line as COGS. Unclear how much.

AB1 would be paying iClick for their marketing product and then onselling it to their own customers. The payment to iClick would be a COGS component of the revenue.

Just not clear how much of this contract converts into GP that can then be used to pay for operating expenses etc and ultimately translate to net profit.