I believe the $1.2 was customer collections? Think the customer revenue was 750k last quarter and given their FY18 estimate of 2.5m customer revenue I guess this quarter will be around $1m customer revenue.
Billing will therefore drop, but I guess understandable if seasonality in school billing.
Collections/Cashflow probably hardest in next couple of quarters although sorted with capital raise.
FZO Price at posting:
45.5¢ Sentiment: None Disclosure: Not Held
