Hey Jaluma, the ASX note had the ARR at $700-800k - remember...

Hey Jaluma, the ASX note had the ARR at $700-800k - remember that's an annualised run rate, so they're probably taking June and multiplying that by 12. What's in the annual report is different as it's the actual revenue and not the annualised rate. It's also worth noting that BCC direct ARR from Zoleo comes from our territories while North America and the shared territories, that ARR is accounted for in the JV - very complex. I'm sure you know this but pointing this out for any casual readers.

But to answer your question, my estimates were bang on what was in the AR, which gives me some comfort on the assumptions I'm using.

I also agree that it is unlikely that they will hit 15,000 subscribers at the end of this FY. My estimate is around 12,000 for the end of FY23.