Anyone care to share what they've been told by IR in terms of revenue for the Jan-March & April-June quarters.
Secondly, what are people's thoughts if revenue for the Jan-March quarter came in at $350k.
To me, this would represent negative growth in the company (yes I know the software has only just been complete) but in terms of productivity of staff.
The way the last quarterly was worded was that $150k was received in the first week of January, so despite figures showing $196k in revenue, it's really closer to $350k.
So if $350k is achieved for this quarter, when you deduct the $150k from the first week of January, it means staff productivity was only able to achieve $200k in development works for the quarter (assuming tasks from the $150k were conducted last quarter). If this is the case, I wonder if the market will frown upon this.
Supply side is building up. No buyers around. Next re-rate could well be down.
Just because it's cheap, doesn't mean it's a good buy.
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