What does this mean ............it hasn't been recognised yet in...

What does this mean ............it hasn't been recognised yet in the financial result......had it been the revenue would have been consolidated revenue would have been over $11 million.....instead, being one of the very early ASX adopters of the AASB 15 accounting standards (page 18).........the numbers are actually much much prettier than its made out...

Great summary Sequioa - just an example to re-confirm the figures on the (growing) ERP revenue - my business signed up at the end of 2015 & have just received our licence renewal (invoice date October so not yet in the FY18 figures reported- my spend is $16k + GST and & we are only a 7 licence operator (started with 5) JCurve helps businesses like ours grow & as they do they need more licences which increases revenue to a maximum of 20 licences (approx. $35k) then the migrate the business to the full Netsuite version so clients simply do not outgrow the software. Client retention & growth is excellent & new opportunities are also excellent with the market moving to 'cloud' systems - that's what I call WIN WIN situation.

As all the new projects go live year on year the revenue should grow very strongly, with very little additional cost (in theory)

I really think this stock should be a strong performer over the next 2-5 years (IMO)