As previously mentioned, I am definitely trying to do my part...

As previously mentioned, I am definitely trying to do my part for the CDX coffers - and will be tipping in $60,000 in the next couple of weeks to convert my 1,200,0000 x 5 cent CDXO.

However, whilst I understand this particular 4C is "quite small fry" in the whole scheme of things (given all the upcoming product launches), I am a little perplexed by the low cash receipts figure of $685k for July - Sept 2021?

Especially as CDX revenues are increasing by somewhere around 30% - 40% per year.

It is the low $685k cash receipts figure, when combined with a total outgoings figure being around $275k higher this quarter (due primarily to a significantly increased sales & marketing spend), that has obviously caused the Nett Outgoings figures this quarter to be so high at $2,148k.

Since early last year, the cash receipts figures have been:

April - June 2020: $1,540k
July - Sept 2020: $1,174k (PCP)
Oct - Dec 2020: $1,122k
Jan - March 2021: $907k
April - June 2021: $1,272k
July to Sept 2021: $685k (todays cash receipts result?)

Now obviously CDX may have a heap of $$$ sitting in aged receivables (if so they should have mentioned this), or they may be now invoicing some of their clients slightly differently - but the cash receipts figure for this quarter was lower than I thought it would be.

Coops did mention that revenues were around $951k for the quarter - so maybe cash receipts will be significantly stronger in the current quarter.

Again, as previously mentioned it probably means little in the overall "CDX story" - which will be dominated over the coming months / years by all the new device launches