FuturenowI had not considered that mgmt were timing newsflow in...

Futurenow
I had not considered that mgmt were timing newsflow in order to have a smooth agm, but perhaps that is the case.

I've always interpreted it as related to when they have signed a major deal in the US or when they have a little more certainty at least for 1H (which tends to be around this point in the year).

If I look at revenues and receipts, they clearly tend to be higher in 2Q with last year being an exceptional year......current quarter is also very respectable if we are to take their revenue numbers at face value (i.e. they are probably not audited so perhaps a little less review of this being a 1Q or 2Q item).

If they have another blowout 2Q (say 45m in revenues), they still need to do something in 2H to bring that up to ~20m per quarter to dtay profitable for the full year

Anyway, interesting point on newsflow.....lets see what guidance they come up with at the AGM

		4Q2021	1Q2022	2Q2022	3Q2022	4Q2022	1Q2023	2Q2023	3Q2023	4Q2023	1Q2024
1
2	Receipts (000s)	13,775	21,234	21,111	18,172	15,406	21,006	41,226	25,154	17,123	18,857
3
4	Aus Revenues (m)	2.6	3.3	3.3	3.9	3.6	4.5	4.7	5.2	5.5	5.8
5	US Revenues (m)	10.7	12.1	19.9	7.4	14.2	15.4	39.4	11.8	11.4	19.6
6	Total Revenues (m)	13.3	15.4	23.2	11.3	17.8	19.9	44.1	17.0	16.9	25.4