Ann: June Quarterly Report and App 4C, page-10

all there in absolute daylight Growler1969.... Cannot be any clearer and copied extract direct from todays quarterly  speaks volumes....!!
"Velpic’s recurring SaaS revenue increased 164% for the June Quarter. All four quarters of FY17 saw triple digit growth over the comparable quarters in FY16. Strong sales in the current quarter produced a 404% growth in new recurring SaaS revenue over the same quarter last year."  
"The Company’s closing cash position at the end of the reporting period was $3.25 million."

Clear as day and night Growler  ;-) I find it ammusing that even with such clarity in a companies announcement that posters come on the thread and question things when its as clear as can be written in big bold words above...!!  Ramping or downramping just does not change the clarity in the companies success. Fundamentals  and good solid growth cannot be denied and a big rerating will occur ;-)