Yes R&D was recognised in the 4c, but that just indicates that the cash was received during the quarter but it doesn't identify how much, if any of it was going to be recognised as revenue in the June quarter. For all we knew it could have been equally spread across an earlier quarter/s and just received in June quarter.
I would have preferred if it had been identified separately, especially when they are calling the figure operating revenue. Anyway all good, we know now.
ISX Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
