Just a snippet from the BUD quarterly yesterday, of minor interest to DDR shareholders:
"While Australian sales were paused nationally due to (now ceased) reseller negotiations with Telstra, the Company is engaged with a number of blue chip companies with significant property portfolios and first sales from our primary sales channel in Australia (Dicker Data) are in. Additionally, Dicker Data (both a customer and distributor) has found that bundling Buddy Ohm with a suite of other enterprise IT products has appeal in the Australian market."
"Distribution and reseller agreements with Dicker Data Limited (Dicker Data). As recently announced, Dicker Data is the primary distribution channel for Buddy Ohm in Australia. Sales have commenced and as of this filing, revenues have been recognized and management expects revenues from this partner to grow in the coming quarter."
However, I wouldn't get excited as total customer cash receipts for BUD globally in the quarter were only $282k.
DDR Price at posting:
$3.00 Sentiment: Hold Disclosure: Held
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