The revenue generation is strong, but what is unclear is what the profit margin is.
Dec Q had $3.2 million in revenue of which $2 million was outstanding invoices.
March Q had $4.8 million in revenue of which $2.2 million was outstanding invoices and $0.5 million was subtracted from cash flow by one off acquisition expenses.
The Dec Q is supposed to be seasonally strong for security because of Christmas shopping hours I think, so growth of 50% is impressive, but at what margin we do not know.
Fall in market probably overdone, but due I suspect to the poor communication and transparency on how the business is travelling.
The revenue generation is strong, but what is unclear is what...
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