Fundamental Analysis of Alexium (Report), page-24

Thanks for the input! You're right, I totally forgot the quarterly was a CFS. In my head I was thinking I got those receipts numbers off the Income Statement.

I'm more bullish now on the upcoming annual report. Have decided against weighting contract revenues as I can't find anything on standard practice - seems to be discretionary. So assuming equal distribution of revenue through the life of a contract, I've updated my FY2015 and FY2016 revenue projections for now. Haven't finished building my models but a back of the envelope calculation at 13% discount rate gives me $1.07895 per share which is slightly under what Fosters gave (they used a different method; it's nice when everyone's numbers kind of match up).

*Note please don't use the above figure ... it was a very rough projection.