Ann: Buddy launches Buddy Ohm Simple Smart City Technology, page-245

BUD stated that Parse revenue was 6 figures and growing. Lets hope they can get it to 7 figures.


I think revenue was forecast at A$425k for the March quarter (cash receipts will probably be less than this ?). Expenses may be higher than the forecast $2.3m if costs of the Ohm development were not included ? BUD should still have more than $8m in cash and therefore I do not think a CR will happen in the June quarter.

BUD has signed contracts totalling up to A$2.6M and most of this is expected in CY17. Hopefully they can get through CY17 without a CR.