I feel better after reading that report. Sure cash receipts were...

I feel better after reading that report.
Sure cash receipts were just 75K - but that was expected. After all, cash lags revenue by ~90 days in the curated pool model, and that model was only instituted in November.
The numbers endorse the curated pool strategy since contract sizes have grown significantly and are now very impressive; 5 are >$300k pa and 2 are >$500k pa. And that means just 20-42 curated pools per contract. Since enterprise clients have many more vacant positions than that, we can expect a lot of growth still. Not to mention other clients in the pipeline. Especially considering some of the client names - Deutsche, Hirsheys etc (and others with >100,000 employees who they werent allowed to name!).
It seems to me that we are over the pain of transitioning from the previous, less suitable business model to the new and now endorsed curated pool model. This was the evidence I felt I needed to see. Now it appears we will see ever increasing revenue (bearing in mind the 90 day lag between revenue generation and cash receipt).
Another endorsement of 1PG's business strategy was the contribution of the channel partners - accounting for ~1/3 of new bookings - also an avenue for future growth. this is one savvy management team indeed.
Also worth remembering that it has some A-grade institutional holders like BoA and UBS.
And this is a company that raised $50m recently at $4,50. With cash burn just under $4m per quarter, they are well funded to ride the next growth phase and weather the quarterly lag between revenue generation and cash receipts.
For interest, both Cannacord and Foster had pretty special buy targets of between~ $4-$6 per share for whatever that's worth.