I find their disclosures a little obscure. Seems clear that they are signing more longer term contracts than previous year but all their commentary revolves around revenue, not bottom line profit. They had revenue of $111m last financial year and made a loss, but I'm none the wiser if the increase in longer term contracts (6-7 years) means annual revenue will be higher or more importantly they are winning these contracts at values which mean they can make a bottom line profit. Will look forward to seeing the cashflow figures and half year profit report.
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- Ann: Q2 FY20 Sales Activity Update
Ann: Q2 FY20 Sales Activity Update, page-3
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