Unit rentals increased at a greater proportion to outright camera sales over the December ’18quarter. This has an effect on gross revenue as rental income is recognized month-by-month over the rental period, not at the time of customers placing an order for the full rental period. Rentals therefore don’t provide the immediate turnover boost that sold systems generate. Unearned revenues (which comprise future rental and recurring revenues) were circa $420,000 at 31 December 2018.
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- Ann: Quarterly Activities Report and Appendix 4C - December 2018
Ann: Quarterly Activities Report and Appendix 4C - December 2018, page-2
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