I've added 2 possible scenario's just to give everyone more of a feel as to what course revenue might have taken, the first is where growth has been very slow for 5 month's and then accelerated in Sept.
Column 1 Column 2 Column 3 Column 4 1 Min Rev Max Rev Max Band Month Guess1 Guess 2 2 n/a A$93,693 n/a Jan 2017 A$44 K A$62 K 3 n/a A$140,500 n/a Feb 2017 A$98 K A$94 K 4 A$93,697 A$144,102 A$50,500 Mar 2017 A$139 K A$125 K 5 A$93,698 A$144,103 A$50,500 Apr 2017 A$142 K A$139 K 6 A$93,699 A$160,125 A$64,000 May 2017 A$144 K A$144 K 7 A$144,103 A$160,126 A$16,000 Jun 2017 A$146 K A$149 K 8 A$144,104 A$160,127 A$16,000 Jul 2017 A$148K A$154 K 9 A$144,105 A$168,138 A$24,000 Aug 2017 A$154 K A$159 K 10 A$160,129 A$192,173 A$32,000 Sep 2017 A$178 K A$167 K
The Second where growth is a little quicker over those same 5 month's but hasn't accelerated as much since.
Pity the deployment announcement didn't say anything about October's revenue, if it had simply said it made it 10 months of revenue growth, then we'd have known the figure was at least A$160,130.
I wanted to point out something that was highlighted in the September quarterly, namely that cash received is now split into at least 2 parts with some having 30 day payment terms and some 60 days from invoice.
So when your thinking about what sort of level of cash will be received in the current December quarter, quite a lot of it is already right in front of you !!
Anything on 60 day term's will have to have been invoiced by now (end Oct) to be included, so effectively the 60 day numbers come from Aug, Sept & Oct revenue (but we don't know the split). The bit's on 30 day terms need to be invoiced by end Nov, so effectively come from Sept, Oct & Nov's revenue.
So 3 of the 6 bits that make up the cash received figure for the Dec quarter are in the table above. All of the September revenue will be in the number so that makes it at least A$160,129 plus some of the August figure. All the October revenue will be in there as well (which again makes it a pity the announcement didn't say 10 months of revenue growth) as that would have told us the company was going to be getting at least A$320,259 in cash with some from November to come on top.
Thus we would definitely know right now that the cash we were going to be getting was ahead of that received in the September quarter, hence a return to growth on that front.
I've now put the cash received & revenue generated for the quarter in a table as well for you to look at.
Column 1 Column 2 Column 3 Column 4 Column 5 0 Cash Received % Growth Quarter End Revenue Generated % Growth 1 A$18,000 n/a Dec 2016 n/a n/a 2 A$0 n/a Mar 2017 A$281,087 n/a 3 A$513,197 n/a Jun 2017 A$432,309 34.98% 4 A$313,428 -63.7% Sept 2017 A$480,382 11.12% 5 A$160 K+ n/a Dec 2017 n/a n/a
LOTM
Column 1| Column 2| Column 3| Column 4| | Min Rev| Max Rev| Max...
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