PS (From T7's great charts) "A discrete figure for quarterly...

PS

(From T7's great charts)

"A discrete figure for quarterly revenue is not given, although it is stated that this “grew 425% over the same period in the prior year”. My estimate (shown on chart below) is that the relevant revenue figure for 1Q16 was $2.38M, so an increase by a factor of 425% would mean 1Q17 revenue was $10.1M as shown (or $12.5M if this was an absolute increase). Around $6M of this amount would have derived from Recurring Revenue.



New Technology Development shows the business remains a mix of both research and commercialisation, which bodes well for expansion into both current and new markets. Onward and upwards."



Have a great night jasmine, I'm loving every second of it!

Cheers.