BUD 0.00% 0.6¢ buddy technologies ltd

Ann: Appendix 4C - quarterly, page-60

  1. 84 Posts.
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    Interesting... cos the aware letter 13th April 2018 p.11 and p.14 said it was US$1.325m one year term from Jan - Dec 2017 with SoW #3 extending it to Feb 2018 which is why they have the more updated SoW for March. Either way, the numbers don't add up as we know from p.9-10, revenues recognised from Thor in Q2 2018 was $378k. Miscellaneous was $39k (explained as Parse rev). Revenues recognised $428k-378k-39k = $11k Ohm revenues for Q2 2018. (or US$8.5k based on average 0.769 for the quarter)

    Current quarter (based on 0.786 exchange rate)
    Total Revs = US$397k
    Assume no change to Parse revs = US$30k
    Thor: 2 months of Q2 portion + new SoW for March = US$194 + US$125 = US$319
    Ohm revs = 397 - 30 - 319 = US$48k.

    So rev growth is around 465%. This is just from Digicel in one quarter and they say the majority of revs are coming in the next quarter so I suppose we can all be optimistic.

    I could be wrong, DYOR
 
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