As a non-accountant, I'm still confused and often a bit thick. If you scroll down to page 9 for our Kate's Financial performance H1 FY2020 you see a figure of 91% which emphasises something worth raving about. But 91% is not stated in the opening document under Highlights thus you have to do some mental arithmetic to realise how good it was. Before probing to p.9, all I registered was 12.3%.
"Revenue for H1 FY2020 grew by 12.3% to $8.2 million, compared to $7.3 million at H1 FY2019.
Primarily as a result of investment in our growth strategy, Alcidion delivered a net loss of $1.8 million in H1 FY2020.
Investments included expanding our sales capabilities in all of our key markets as well as R&D spend to further enhance
our platform and maintain our competitive advantage.
We are pleased with the year-on-year growth insold revenue to be recognised in FY2020, which at the end of H1 was
$15.4 million, already representing 91% of reported FY2019 full year revenue. Of this, $9.2 million is recurring revenue,
a 22.7% increase year-on-year. Our pipeline of sold revenue out to FY2025 remains strong, with $37.2 million
contracted to be recognised over the next five years."
If $15.4 million = 91% of FY2019 full year revenue, then FY2019 full year revenue = $17 million ... tick.
So we have "Revenue" and "Sold revenue".
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- Ann: Alcidion FY20 Half Year Report and Appendix 4D
Ann: Alcidion FY20 Half Year Report and Appendix 4D, page-31
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