FootmaxRevenue and cash flow will be different animals...

Footmax

Revenue and cash flow will be different animals here.

Revenue can be "booked" when the invoice is issued, which in this case is likely to be monthly. Therefore an invoice dated at the end of March will be seen earlier than the cash flow.

As per the quarterly report, cash flow is "booked" when the cash hits the bank accounts, and it will be delayed from revenue by about a month. (This assumes a 30-day invoice cycle.)

If these assumptions are correct, there will be little cash flow in the upcoming quarterly report, due to this timing difference.

I hope that helps.

AL