Qtr ending Sep 2011 stated Tzi shipments were at 60% of purchase orders of over $1m. Therefore sales were at around $600k for the quarter, assuming tz recognizes revenue upon delivery which is the born.
12 months later, TZI sales are stated as a 60% increase on corresponding period from 2011. Therefore sales around $960k.
3 months later (most recent quarterly), we are told half year sales were $1.1m.
Q2 sales therefore are $1.1m less $960k = $140k = PATHETIC.
So lets not expect any increase in collections from prior sales this quarter. Tzi collections will come from current quarter sales egg Sing Post, which may not arrive until Q4.
Capital raising imminent.
TZL Price at posting:
16.5¢ Sentiment: None Disclosure: Held
