Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-41

yes sorry my error, but my understanding is that ACV is based on revenue they expect in the next 12 mths.....the lag in cash receipts to the ACV number seems to indicate that cash receipts are lagging ACV by 6-8 quarters

So theoretically they are reporting ACV which is hitting revenues in 12mths and then being collected 3-6 mths later.......perhaps there is a long lead time between signing a contract and it going live and generating revenues/cash, but I would not be alone then in challenging why they are reporting such a rosy picture while the results are 1-2 yrs away (based on history, the recently reported ACV of USD20m which is ~AUD30m (or AUD7.5m in cash receipts each quarter) is only going to come through somewhere in the 4C ~Jan-Jul24).....that is quite sobering when you think that the valuation of this company is worth 4 times revenues in 2 years