Ann: Appendix 4C - quarterly, page-6

Most likely due to the fact it takes time to actually roll a branch out so it's not as if IAM was collecting revenue from SOA's etc all that time from the total number of practices they now have. Throw in there's usually a delay between when sales are billed and actually collected. I think we all already knew the next quarterly is the more pivotal one as you'd expect with IAM at the end of this quarter having more practices set up that revenue then needs to start growing.

The pleasing is low cash burn and some option conversion ensuring IAM still has a fairly decent amount of cash on hand. All in all I'm content with that but this next quarter is going to be more important in many areas.

Should add the lower revenue overall is also probably just to a time of year. The fact total practices weren't all set up for much of this quarter is why there's no growth.