I believe all companies receive an upfront payment maybe 10-20% and then progress payment for each completion stage.
Personally, I think the FY25 revenue guidance of $16m is a bit low. Surely they can sign more than $3m contracts between now and end of June 25. It’s either their estimate is very conservative or the sales pipeline is running dry.
Geez, it is hard to crack the double digit.
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I believe all companies receive an upfront payment maybe 10-20%...
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