Cash receipts of $210K for the quarter (down from approximately $435K last quarter), and ACV up to $1.85m.
Agree that the cash receipts were lower than anticipated this quarter. Was hoping for around the same figure as last quarter.
3DP said this was due to some large prepayments in the last quarter - I can't remember if they mentioned that in the last 4C (but don't think they did)?
However, I thought that the $1.85m ACV was a decent result.
Be interesting to see what the market thinks today?
Ann: Appendix 4C - quarterly, page-4
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