Yes, but read para 16 in context with paragraph that follows it (below). Changes the landscape completely:
16. As at 1 April 2018, the Company has derived revenue of less than US$10,000 from Digicel which is attributable to the provision of the Ohm by Digicel system to Nestle in the Kingston facility.
17. At present, the Company anticipates that the expected revenue to be derived from Nestlé (via Digicel) in respect to the Kingston facility to be less than US$100,000 (which includes the figure referenced in paragraph 16 above), on the basis that the Nestlé Agreement is not terminated. If an agreement is reached between Digicel and Nestlé to deploy further Ohm by Digicel systems and/or to provide other upgrades (such as additional components or additional features that may be upsold at a point in the future) at the Kingston facility, expected revenue would increase.
With respect, your cherry-picking one sentence from a comprehensive 33-page ASX response to substantiate your point seems less than compelling. The whole point of re-selling agreements is they take time to get revenue traction. DM has stated this numerous times. But when they do bite, the revenue scaling is a thing of beauty. BUD has that 'IOE it-factor' at the right time in the market when smart-cities are looking for a capability edge.
Watch the smart money re-engage on strong volume at bargain prices.
GLTAH
BUD Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
