CCR have reported around $1million of potential new revenue every month for the last 20 months - so you would expect total revenue to go up from around $34 mill in Jan 2022 - to $55 mill now - but they only reported $35 mill in the last quarterly...
So what is happening?
1) lag means potential money takes 12? 18? 20? months to come in (onboarding? trials?...)
2) CCR let 'unprofitable' customers go - we never found out how much - but clearly reduced overall revenue earned
3) potential revenue is just that - potential - maybe clients canceled plans - therefore we need to apply a % likelihood to this number
All of this should smooth out at some point - I'm waiting for that quarter to arrive that shows material revenue progress...
Surely can't be long now...
CCR have reported around $1million of potential new revenue...
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| Open | High | Low | Value | Volume |
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| Last updated 15.45pm 03/05/2024 ? | |||||
| CCR (ASX) Chart |