NB I'm no accountant and happy to be corrected if I have any of this wrong:
Last quarter's revenue was 220,000 as opposed to receipts of 165,000. With revenue growing strongly, you would expect this lag and therefore receipts from the increasing revenue per quarter will likely contribute to the following quarter (depending on payment arrangements?).
At the same time, the company has flagged that expenses are declining. In tandem with this - They have also stated that the anticipate continued strong growth in revenue and that they are moving toward being cashflow positive.
Frankly, this looks cheap as chips to me without even accounting for some big wins
I'm new to this stock so apologies of any of the above has been discussed already.
Good luck all
GOO Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held