Its due to the shift in focus this financial year in structuring the contracts to be more "recurring revenue" focused rather than having the contracts paid in full upfront. SaaS model.
Sorts out cash flow and levels out the revenue spikes quarter to quarter.
Just add on the recurring revenue thats been contracted in and your chart will tell a very different story.
Ann: Q3 FY2020 Business Update and Appendix 4C, page-35
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Last
6.4¢ |
Change
-0.002(3.03%) |
Mkt cap ! $85.91M | |||
| Open | High | Low | Value | Volume |
| 6.8¢ | 6.8¢ | 6.3¢ | $50.78K | 779.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 303193 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.6¢ | 3288 | 1 |
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| Last trade - 15.41pm 07/05/2024 (20 minute delay) ? |
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Last
6.5¢ |
Change
-0.002 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| 6.6¢ | 6.8¢ | 6.3¢ | 297884 | ||
| Last updated 15.56pm 07/05/2024 ? | |||||
| ALC (ASX) Chart |