Expected Revenue, page-2

Revenue for the past 2 quarters has been:

• 1Q16 = $181k
• 2Q16 = $342k (89% increase)

Total revenue 1H16 = $523k

Given quotes in the HY report such as "[...] as we begin to scale the business to support the strong demand for our Sourcing solution", you'd hope 3Q revenue would at a minimum match 1H16 revenue (i.e. $523k) - 53% increase on 2Q16 revenue.

This would at least give the company annualised revenue of $2m+ and a glimmer of light at the end of the tunnel. Although they really need revenue pushing close to $1m to have any impact on the share price.

When will those $4.2m in sales from 4Q15 actually convert to revenue?! With those sales alone, in addition to the $700k sales in 1Q16, that's revenue of $1.25m/quarter. They originally said it would take 3-6 months to convert those sales to cash. 3Q is 6-9 months after the original sales, so surely they will be converting to at least revenue now?!