Very disappointing the PH has to eat his words of "Revenue this...

Very disappointing the PH has to eat his words of
"Revenue this FY will be higher than last FY".

From the announcement on 1/4/21
"Update on December QuarterZoono had previously reported that, as at 31 December 2020, it had invoiced sales on hand of $7 Million. Despite global freight and logistic challenges, in excess of $5 Million (unaudited) has now been shipped in Q3 FY21. This is in addition to new sales in the quarter."
Hence about $2M still to be shipped in this quarter.
With $6.8M receipt last quarter, orders received and shipped during Jan-Mar (including B2C) are about $1.8M.

If I remember it correctly, PH has said before that the process (which include testing, labeling, packing...etc) to finally ship the product out can take 3 months. The invoiced sales of $7M at 31/12/20 has only resulted in $5M revenue at 1/4/21, indicating that the process can take longer than 3 months (unless some invoiced sales were cancelled).

if all the major sales revenue are to be realized 3 months after the order date, we can only expect revenue for invoiced sales in this quarter to be realized in next FY ie. revenue is lagging by 1 quarter.

Given invoiced sales at 31/3/21 is $6.1M and revenue at 31/3/21 is $20.8M, the forecast revenue for FY21 of $26 – 31 M is therefore reasonable. Which mean revenue for this quarter will be (up to) $6.1M (of invoiced sales at 31/3) + other cash sales (including B2C).

With increasing momentum in China and stock piling in France (to avoid delay of shipping from UK), hopefully the company can achieve large invoiced sales this quarter.