Ann: Half Year Accounts, page-7

A couple of other points.

Deferred revenue actually grew this half year. They expected this to decline by $2.0m over the full year, and be recognised in the income statement. Only way deferred revenue can increase is if the pipeline of sales is far greater than what they had anticipated to realise. In other words, there's more revenue waiting to be realised than what they had planned. This is a crucial piece of information that could easily be overlooked imo.

38 new customers in the half year. Would be great to know what is the net change in customer numbers. 38 new customers in a half year is significant on a customer base of ~550.