Ann: Quarterly Report and Appendix 4C, page-7

you'd have to seperate the Australia MEdadvisor app revenues (annualising at ~10m with a 80% plus margin) from the US revenues which are based on individual contracts which presumably MDR need to win each year and where the margins are much much lower.

Those US earnings are worth a lot less than the recurring app revenue despite the numbers being totally opposite (10m Aus, 40m US).

Note that they have reported YTD Mar 22 revenues of ~50m (with a further AUD4m from covid), so they have ~AUD54m in revenues; they need another 18-20m to meet guidance......would have like to see them confirm they have that in the bag