The Q3 Quarterly had an interesting paragraph in it giving a clue as to the possible strength of the Q4 Quarterly:
"A significant portion of the Company’s licensing, maintenance and support revenues are received annually in advance, historically paid at the end of the Financial Year (FYQ4) or at the commencement of the Financial Year (FYQ1). This cycle of payments results in reduced cash inflows in FYQ2 and FYQ3."
With the number of deals that ALC have announced in the past 12 months, these annual advanced payments could amount to a very tasty figure.
Keep in mind that ALC only needs to report $419k positive cash flow this quarter to be cash flow neutral for the FY.
ALC Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
