wifi set for voice, page-3

Numbers are out already:

Dec quarterly cash report posted to market today.

Revenue up 14% from prev quarter, same growth as previous quarter.

From the last 7 reports,

JUN Quarter 2004 Revenue: $269,000
SEP Quarter 2004 Revenue: $1,164,000 increased 332%
DEC Quarter 2004 Revenue: $3,200,000 increased 174%
MAR Quarter 2005 Revenue: $3,500,000 increased 9.4%
JUN Quarter 2005 Revenue: $4,840,000 increased 38.3% Subs 28000
SEPQuarter2005 Revenue: $5,520,000 increased 14% Subs 36600
DECQuarter2005 Revenue: $6,290,000 increased 14% MY Projected Subs 45200

Projecting future revenue growth at 14% plus subs growth taken from growth between JUN '05 and SEP '05:

MARQuarter2006 projected rev: $7,060,000 increase of 14% Projected Subs 53800
JUNQuarter2006 projected rev: $7,830,000 increase of 14% Projected Subs 62400
SEPQuarter2006 projected rev: $8,600,000 increase of 14% Projected Subs 71000 = breakeven Sydney

Projecting monthly at 2866 subs /month, they may have approx. 48000 subs by end Jan 06 and be breakeven in Sydney by mid to late September this year, not taking into account inc/decreasing growth, churn, network saturation etc.