The report in August will make or break 1PG. They can no longer hide behind "bookings" with next to no cash receipts.
From their announcements they had a total of $4.96m new bookings up to the end of April 2016:
? - Nov 15 = $1.39m new bookings
Dec 15 - Jan 16 = $2.81m new bookings
Feb 16 - Apr 16 = $0.76m new bookings
1PG's definition of how bookings translate into cash receipts:
1PG had $4.2m in bookings up to the end of January 16. If we are to use the maximum periods of time used in the definition above, we should see the first quarterly payment of these bookings as cash receipts in the current quarter (May-July) - i.e. $1.05m.
Given that "Management expects new bookings to accelerate over the balance of the year" and also the new platform "Allowing 1-Page to bill clients up front and recognize revenue without a meaningful lag, therefore significantly shortening the time to recognize revenue and shortening the payment cycle", I'd be expecting revenue to be closer to $1.5m in the current quarter? This would represent a 1500%+ increase on cash receipts from the previous quarter.
Analyst Estimates & Rating, page-313
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