Nice downramp but please get your facts right next time and read...

Nice downramp but please get your facts right next time and read the announcements more closely.

The contracts awarded this FY20 so far total ~$18 million. This is roughly double compared with the same time last year if you go back and have a look.

The contracts awarded last FY19 and so far this FY20 to be delivered as revenue this FY20 are already $30 million plus.

(See the 31/7 announcement stating $25 million contracted work for FY20 and add most of the recent $5 million and $3 million contract wins to this.)

So, FY19 revenue has already been exceeded for FY20 less than a quarter in. It’s very likely to end up substantially higher obviously with nine months to go!

The next quarterly may not have great cashflow because they seemed to receive a few million in advance last quarter (unusual) which led to the pump and dump. However, the business is evidently cashflow positive and profitable now which will be very clear over the next two quarterly cash flow statements followed by the half yearly early next year IMO.