Half Yearly Revenue

By comparing receivable amounts and cash received from clients, we can work out that actual revenue for the half year. My calculations show revenue of approximately $2,306,000 for the half ($2,454,559 + $1,412,000 - $1,559,934)

This is a great result given at the AGM the revenue estimate for the half was approximately $2,100,000.

To get the big picture, you need to compare the half yearly revenue figures against prior years.
1 July 2013 to 31 December 2013 = $1,492,000
1 July 2014 to 31 December 2014 = $1,808,000
1 July 2015 to December 2015 = $2,306,000

There is a trend on and I expect it to continue.

One thing that was made very clear to us at the AGM is that this company does not have a problem with bad debt. I expect that the $1,412,000 in receivables will be collected in full. Throw in the R & D grant and I expect that the cash levels will have recovered big time come 31 March 2016.

This company will expend no energy in talking up the share price up. They will let the results do the talking. I have already passed on my thanks to the board for what appears to be a solid result.