I agree with this. I thought the commentary attached to the Appendix 4c was insightful. Suggests ~$4.2m of annual revenue to come. And there is a variable (usually 6 month lag ) from booking sale (revenue) to cash. So we should start seeing more cash flow revenues in Q2, and a bigger jump in Q3 and Q4. Still a ways to go yet to be comfortable about their performance.
New bookings at the end January 31, 2016 increased 200% to A$4.2M from A$1.4M at the end of November 2015.
The number of annual enterprise contracts at the end of Q4 were 24, also a 200% increase over the quarter.
Of the 24 annual contracts signed, five were valued at over A$300,000 each, two of which
had annual value of over A$500,000 each. Annual contracts contributed to 58% of new bookings
Add to My Watchlist
What is My Watchlist?