Correct. NickMicadon... Just found these replies in email account I seldom use
Reply from IR Monday :
Hello Mr Xxxxxxxx
Thank you for your email to us.
In terms of the $281,000 recognised revenue figure, this was included in the June quarter cash flow from operating activities.
The reason why there was not a recognised revenue figure for the June quarterly, is due to the fact that revenue figures are not required for quarterly cash flow reporting. We had included the recognised revenue figure in the March quarter to give a sense of the cash we would receive in the next quarter. Now we will continue to report on actual 'receipts from customers'; while the next revenue figure will be included in the upcoming annual report.
Many thanks for your support,
Syntonic Investor Relations
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Reply from IR Thursday
Hello Mr Xxxxxxx
In terms of your question, the cash receipts for most of the June services will be received in the current quarter and not included in the last quarterly cash flow report. The Company, however, must claim this as recognized revenue received during the previous quarter. Delayed cash receivable will impact all quarters because of the Net 30 - 60 payment terms we require of our customers. This doesn't not impact recognized revenue which pertains to completed and invoiced services completed during the quarter.
Many thanks,
Syntonic Investor Relations
SYT Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
