Trouble is revenue didn’t jump to $22 million for the quarter so there is non recurring revenue or attrition going on?
UWL is expensive but it also had a simple model of selling broadband and it can sell 5GN when available.
5GN is spending money on a network which may become redundant, sells hardware, Internet, network solutions, data centre space and other IT services which added all up is complicated to run and hard for investors to trust. Look at every other integrated IT company out there, all have had good runs and nearly all end up with lumpy earnings, cost blowouts, growing pains etc.
Ann: Appendix 4C - quarterly, page-38
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