Interest received, page-50

Accaeric...

Receipts for Sep Qtr 2013 was about $19.5m... same as Sep Qtr 2014 and same as June Qtr 2013. The Sep qtr was clear the slowest growth period in 2013. After adjusting for receivable assets, then Sep qtr 2013 revenue was about $21m and Sep qtr 2014 revenue is also likely to be around $21m or a little over. Year on Year growth for the Sept qtr for sales seems to be zero. I'd be more concerned if we had consecutive quarters of zero growth or contraction... but then again, I'm paying $45m for a company with $25m in cash, a few buildings, and profiting at a rate of $15m per year.