Ann: Half Yearly Report and Accounts, page-3

The bits I always go to first in the HY or AR is the segment revenue.

Revenue FY to 31/12/17:
WP $95k
Corona $51k

Note: this is on an accrual basis and would include revenue billed but not received by Norwood.

Now compare these figures to:
1. "CommSys agreement for Corona GTS service now live, and will begin ramping up to a projected annual recurring revenue value of circa AUD$300,000 over the coming quarter". 17/4/17

https://www.asx.com.au/asxpdf/20170419/pdf/43hllcjmybnbcl.pdf

2. "Norwood... is pleased to announce the expansion of Corona services provided to the Australian arm of oceaneering International Inc..."

The announcement goes on to talk about expansion from WA to NT, VIC and QLD. It further states testing is will commence shortly in Asia Pac.

https://www.asx.com.au/asxpdf/20170428/pdf/43hvd5vhyddf2t.pdf

How is it that both of these have contributed only $51k revenue?

Imo, something is not right here. Has CommSys fallen over? Has it not been ramped up as per the announcement? Imo, this reminds me of GWS...