Looking at the HY Report to 31 Dec 21, one thing stuck out....

Looking at the HY Report to 31 Dec 21, one thing stuck out. There is Deferred revenue of $1.834m shown in the Balance Sheet not included in the Revenue declared of $3.176m. Total together makes $5m.

Deferred revenue is revenue which has been invoiced and/or paid in advance on subscription but not recognised as revenue just yet until fully completed on its obliged terms. Basically services pretty much done bar some completion items or signing off.

This makes more sense when you compare this to the ACV figure reported in Jan 21 of US$6.88m or say AUD $10m.

Now the latest ACV figure at Jan 22 is US14.4m or say AUD$20m. We should expect a significant jump in reported revenue based on this metric for the next reporting to 30 June 2022. Hope Ian can throw more light on this in his next interview.