Quoting from the filing:"Q4 was and is typically a strong...

Quoting from the filing:

"Q4 was and is typically a strong quarter for customer renewals, with high customer retention reported. However, given the
seasonality of LiveTiles’ business, we have a lower renewal base in Q1"

They are signalling that Q1 is going to be down. Historically their receipts fell 6%, 7%, 6% in their last Qs. So this is going to be big, maybe a 15% decline. to c. $7.5M in receiptes.

With current $10M operating costs and assuming the same c. $500k debt cost, this could imply a burn of $3M brining the number of Qs to 1-2 which would require additional disclosures and assurances to ASIC. Its gonna get pretty hairy.