Ann: Quarterly Activities Report, page-32

No, they are projecting full year FY22 revenue to be $1.9m, i.e. up 114% on FY21, based on the annualised revenue from Q1 FY22 with no further sales.

I take that to mean the minimum expectation for full year revenue for FY22 to be $1.9m. I'm expecting further sales (i.e. Whola and any Fresh Supply/Mastercard lending deals) to expand that full year revenue. Whola alone is budgeted to bring in an additional $300k per quarter once fully integrated and operational, so likely from Q3 to see full value from Whola as we're in Q2 now and its in the ramp up stage.

When we get the Dec quarterly we'll see the growth from Q1 and can annualise that to build the next FY22 revenue expectation (i.e. $1.9m + 3xQ2 revenue increase over Q1).