Monthly Revenue, page-139

A new Table for you all .......................

	Column 1	Column 2	Column 3	Column 4	Column 5
1	Cash Received	% Growth	Quarter End	Revenue Generated	% Growth	Cash Balance
2	A$18,000	n/a	Dec 2016	n/a	n/a	-
3	A$0	n/a	Mar 2017	A$281,087	n/a	-
4	A$513,197	n/a	Jun 2017	A$432,309	34.98%	-
5	A$313,428	-63.7%	Sept 2017	A$480,382	11.12%	A$3,743,000
6	A$449,446	43.48%	Dec 2017	A$318,541	- 33.69%	A$7,247,000
7	A$314,500	-30%	Mar 2018	A$531,778	66.94%	A$5,858,000

So the bank balance if they hadn't done the cash raise would have been A$1,285,000.

As I stated a long time ago the cash received figure for the quarter was well below the previous quarters figure.

Next quarter's cash received figure has a good head start with A$453,000 to come from what we already know about, it could easily end-up over double the March quarter's figure.

The revenue figure was much higher than I was expecting it to be for the quarter, so quite a number of those phone installs started earning us money.

So we just need to look at the relationship between revenue and install's, that's the key to determining what the next quarter is going to look like.

On the back of the above I've changed my sentiment from none to Buy.

LOTM