They mention an increase of 8.4% of 'active customers'. Assuming the average value of each customer, 8.4% of the 230GWh currently under management is just under 20GWh.
Falls short of the 100GWh per annum for 3 years target set in the AGM, but they mention that here:
"With the later than anticipated financial close on the BlackRock funding(November 2018) we also experienced a delay in new community conversions and onboarding of direct marketcustomers which has had an effect to the previous forecasted revenue of $44m."
In other words, we have demand, but no funds to bring on new customers. Far better than having a product nobody wants...
Let's see if they can play catch up.
Ann: Appendix 4C - quarterly, page-3
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