The main issue is that $1.5m-$2m Blue Reef revenue (guesstimate) is included in 2016 numbers. This means that Tesserent actually experienced negative organic sales growth. With the Blue Reef revenue now gone (sold to Family Zone) that leaves a massive revenue hole to be filled in 2017.
Scary thought for all Tesserent shareholders, but I can see this business generating negative growth this FY.
Ann: Full Year Statutory Accounts, page-7
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