@Brett M H"Their year to date cash receipts (July - December...

@Brett M H
"Their year to date cash receipts (July - December 2020) total around $10.8m, therefore I suspect their July - December 2020 revenue figure would not be too far away from this $10.8m cash receipts number?"

The only problem with this is that the new SouthTees contract had a big $3m initial receipt that came through in early January, hence will be recognised in Q3, not Q2. This will lead to Q3 figures being more inflated due to this one off receipt recognition.

So given that receipts stay flat from Q2 (this may not be the case) then we add the $3m from the Southtees contract, we get to receipts totalling $7.4m.

Given that outflows stay the same as Q2, our net receipts (receipts-purchases) will be an inflow of $0.9m (AND BACK TO OCF POSITIVE)

I agree with those above saying that the revenue will come in close to the magical number of $30m in FY21 given the current contract situation.

One thing that must be noted is that a part of the SouthTees contract back in November some value attributed to the re-selling of another technology (Better OPENeP), whereby the reselling of this technology will have a lot less margin as compared with the Miya suite offering.