going back over previous quarters......QTK's wages costs have been constant at around $400k
also revenues for the last quarter are in tune with previous quarters revenues except for the June quarter result where QTK had revenues of some $1.2m
i would say the increase in wages is to do with the SA rollout as engineers were employed to roll out the network.
also i believe QTK received $500k as an upfront fee from the SA partner on signing its licence agreement
this accounts for the variances in wages and revenues.
now the only thing we await is an announcement of who the investment partner is and the quantum of the SA deal.
with Pallister throwing in another $2m as a short term loan to QTK........it is greater then $2m!!!!
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QTK
quiktrak networks limited
895k in wages for the sept quarter
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