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Ann: Quarterly Activities Report & Appendix 4C (Apr - Jun 2020), page-41

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  1. 7 Posts.
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    There's a difference between sales and revenue.

    Capital machinery takes two years to deliver across many industries. If you were spending $2 million - let alone $25 million - on a piece of kit, at what point would you begin to pay?

    You'd give 100% up front? 50%? 10%? $100,000?

    The point is, which they've said before, is that these huge contracts are punctuated by performabce milestones, which dictate revenue receipt.

    Go back and read all of their announcements if you're confused. If you can't be bothered with that, just read the last 4C!
 
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