Ann: Back to school market update - February 2018, page-30

Thanks @cdchi1

I was more interested in cash receipts rather than revenue for this quarter. Which one are you referring to when you say $1m minimum?

Cash receipts should be quite substantially higher in this quarter than the other three quarters of the calendar year as school based accounts are being paid annually in advance at the start of the school year. The revenue that those cash receipts represents will instead be spread out and recognised evenly across the whole calendar year.

If they have reached $3m a year in recurring revenue wouldn't the vast majority of that be recognised this quarter as cash receipts? Most revenue is being generated from schools isn't it?