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0.3¢ uuv aquabotix ltd

Ann: Quarterly Update and Appendix 4C, page-3

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Storm_chasor

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124

30/10/17

09:55

Post #: 28301724
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Originally posted by dunjo ↑

Last quarter they announced $280,637 revenue with a 60-90 day payment period including one sale worth $105,000 alone (https://hotcopper.com.au/threads/an...itute-of-marine-science.3503088/#.WfZY0BOCyi4). They stated: “the Company expects to receive the cash receipts corresponding to this Q2 2017 revenue during Q3 2017, as well as most of the revenue recognised or to be recognized early in Q3 2017.“

Today they announce $187k cash for the following quarter... wheres the other $100k from last quarter? Still owed? Did they get paid for no sales at all this quarter? Realise they're dealing with big companies but not sure how they can leave that unexplained after that statement above last quarter.

They also announce $302k revenue for the quarter - so we should have around $400k in debtors currently?

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I wonder how long will it take the distributors to kick into actions, 3-6 months?

UUV Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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