March 4c Cash Receipt Guesstimations, page-22

If we use the DEC quarter as a benchmark, cash receipts from customers was $2.8M and $246M of payment volume processed (almost matching the FY24 full year from memory). If payment volumes have continued to rise into the MAR quarter, then its reasonable to say that receipts will be equal to or higher than Q2.

Based on historical growth (I'm looking at 80% YoY revenue increase) and the CAP rollout gaining traction, I would suggest its safe to assume a 10-20% QoQ increase in cash receipts. With this in mind, I guesstimate, with the key factor being whether CAP member usage of the platform scaled in JAN - MAR:

Conservative - $3M
Mid - $3.2 - $3.4M
Bullish - $3.6M