Q2 revenue was $342k, so Q3 cash receipts pretty much reflected...

Q2 revenue was $342k, so Q3 cash receipts pretty much reflected this ($353k). For Q3, Average Revenue Per User (ARPU) increased by 80% QoQ.

Assuming they had no new clients in Q3, revenue for Q3 is at least $615.6k - (i.e. $342k + ($342k * 80% = $273.6k))

At least the company appears to be finally making progress and annualised revenue is over $2m. Still a long way to go until it's making a profit, but at least revenue and cash receipts is heading in the right direction.

Disappointing that they aren't reducing costs further as A$4.52m in costs in Q4 is an insane amount of money.

I can't see the share price moving much in either direction from current levels. It needs to put a few quarters of good growth on the scoreboard first to justify the quarterly outgoing costs before the share price will move higher.