sorry guys. missed a few figures on the last post. repost ISX...

sorry guys. missed a few figures on the last post. repost

ISX OUTPERFORMS GUIDANCE: grows revenue by 268% QoQ.
Company guidance provided to the market in the half yearly report on 28^th Feb 2018 was for revenue growth in the March quarter to be at least 50% higher than the December quarter. This guidance would provide revenue between 830K – 880K ( 50 – 60% ), 50% being the minimum required to meet expectation.
Taking a step back and looking at an annual position this is quarter shows huge growth against previous milestones

• QoQ Mar 3Q FY’18 vs Dec Q2FY’18 Actual Growth 268%
• QoQ Mar 3Q FY’18 vs Mar Q3FY’17 Actual Growth 1827%
• YTD FY‘18 Vs YTD FY’17 Actual Growth 660%

Forecast Q4’18
Customers to integrate and go live this FY or early FY’19 include but not limited to:

• Additional European card customer ( only 1 out of 4 currently transacting live )
• Additional Australian card customers ( only 3 out of 7 customers live as of 5/2/18 )
• Borgun Imminent / Q3
• Pioneer Credit* Imminent / Q3
• NedBet* Imminent / Q3
• XM Phase 2* Imminent - This may have already happened with the XM china ann. eKYC
• HItBet* Imminent / Q3
• Pepperstone Expected Q3 / Q4
• Various AUS Retailers* Expected Q3 / Q4
• eMerchantPay Expected Q3 / Q4

Please note any of the above may already be integrated as the company has stated it will discontinue announcing customers by name instead announcing by revenue segment.
In addition: new customers and relationships are being announced regularly as well as expansion of services with existing customers.
Company provided guidance of 30% QoQ has been out-performed for the past 2 quarters including:

• Sept Q1FY’18 – Actual 112% growth
• Dec Q2FY’18 – guidance 30-50% transactional growth. Actual 100% QoQ rev growth and 153% Tx growth
• Mar Q3FY’18 – guidance increased to at least 50% from 30%. Actual 267%
• Jun Q4FY’18 – previous guidance of 30% recurring transactional growth would lead to revenue at 1924K$

But based on the outperformance record revenue growth could be anywhere from 50% - 150% from the previous quarter. This would put ISX 4QFY18 revenue somewhere between $2.2M Aud and 3M$ Aud and also makes the performance target of 2.5Mil in a 6 month period practically a given. In fact you could seriously question if the next class of performance shares may be tapped. Although some investors might see the dilution of their asset as a negative thing I can only see that the company has succeeded in achieving high performance targets with the additional difficulties of delayed regulation implementation. The executive team are to be well rewarded for their time and deservedly so.

REPORT HIGHLIGHTS:
Unaudited revenue of A$1.48m for the March quarter, representing a QoQ increase of 267%

• Total unaudited revenue for the first three quarters of FY18 of A$2.28m
• Cash Receipts increased to A$1.571m, representing approximately a 400% increase versus the December quarter (A$392k)
• The Company continues to increase the value of its contracted GPTV, which is now in excess of AU$500m
• Company continues research and development and extends IP portfolio with Chinese patent acceptance and filing of patents for new inventions
• The ISXPay contracted book value continues to grow, with contracted value now in excess of AUD$500m GPTV per annum

Burn rate down to 237K – BREAK EVEN IN 4QFY’18!

Time for a rerate