Ann: Quarterly Update and Appendix 4C, page-4

I have no doubt about the technical ability of Algo of DTS. And I agree that new restaurant deals are in the pipeline.

But as you say, the proof is in the pudding;

QF 2018 Installed base 262 - cash receipts $163kUSD
QF 2019 Installed base 2000+ - cash receipts $214kUSD

Something is seriously wrong at an operational level.

How about this from July 2019;
"Strong installation momentum has continued into H2, with the company targeting an installed base of 2,800 stores by year-end, underpinned by existing contracts."

I am curious as to how you think country wide roll-outs are going to add another $480k from 3rd quarter 2020 when all the installations this year have added almost nothing? Just note that the company itself has only ever spoken about the installation number but not the revenue number.

I will invest more when the quarterly accounts reflect where the company says they should be. How can the company grow it's installed base by over 600% (they say 10 fold) in a year and have receipts grow 47%? And provide no explanation for the discrepancy?