There is a note that says product development costs are linked to revenue expected in quarter 1 of 2021. This must be a LOGO physical product to fulfill a large order. No wonder LOGO needed GSW for cash flow problems.
I cant imagine delivery core revenue would have gone backwards. But they definitely haven't started serving a large multinational this quarter. Would love to see a new contract announced as they sail away from the ASX..
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- Ann: Quarterly Activities Report & Appendix 4C
Ann: Quarterly Activities Report & Appendix 4C, page-13
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