You make a good point that the 330K would unlikely be all the...

You make a good point that the 330K would unlikely be all the received payments in April. However cashflow is not revenue (quite a few ppl on here seem to be confusing the two).

Revenue is not paid immediately. Think of it like a credit card that you rack up and then pay 30-55 days later. In SMA's analogy, they are the bank and they get paid by their customers on 90 day terms (poss 60 days with China mobile according to the BBY report). So revenue reported is purchased now and becomes an amount owing to SMA whereas received payments/cashflow is when they finally get the money 2-3m later. 512K received payments from the last quarterly would have been reported as revenue between Oct-Dec

The other point to make is the 330K may not be exclusively from the China segment. It may contain the 295K owing from the ATO, it may contain part of the logistics segment. It is what they have received across the whole business. The revenue reports have just been from the China segment.

Lastly, and more excitingly, this will be the first full month containing revenue from the new province roll outs. From previous revenue reports, if growth was consistent, we'd likely have about 340K revenue but with the new prov's, possibly we will be up at your 350-370K mark

Hope this helps