From the first page of the 4C "Revenue From Chemistry Sales for...

From the first page of the 4C

"Revenue From Chemistry Sales for the period grew 425% over the same period in the prior year on as a result of increased core chemistry sales across several markets and customers."


This you've already researched just after the 4C.


"A discrete figure for quarterly revenue is not given, although it is stated that this “grew 425% over the same period in the prior year”. My estimate (shown on chart below) is that the relevant revenue figure for 1Q16 was $2.38M, so an increase by a factor of 425% would mean 1Q17 revenue was $10.1M as shown (or $12.5M if this was an absolute increase). Around $6M of this amount would have derived from Recurring revenue."

Some difference there in the reporting.

Cheers.