Last years revenue isn't comparable if you see what has happened...

Last years revenue isn't comparable if you see what has happened in the last two months. The slide showing subscriber growth shows at least 40,000 of the 47,000 growth was in July & August. This makes sense given the Tesco launch was in mid July. So they are now probably growing at closer to 20000/ 30000 per month.
I also don't think the Argo sales have started yet.
So between now and the end of the year they will have sales from Tesco,Argos & Narta with the benefit of the new cordless phone and the "computer off" product.
The CEO's presentation also mentioned an Australian "White Label" deal being close and said regarding Argos in the UK "expect agreements to be finalised with a number of additional retailers before year end".

They had over $11m in cash at end of June with cashflow increasing in line with sales in July/August, I doubt they will need to raise any additional equity.

Seems to be plenty to like, I thought today's market reaction strange.