Ann: Additional Commentary on Quarterly Report 4C Announcement, page-23

Agreed with most of what you said but how can you justify adding $5.2mil for extra customers, many of whom will only be signed up for less than 3-4 months (they would have already known Jan/Early Feb numbers when they released this update to project the extra 4000 customers) so they will only contribute a tiny portion of the $1300 gross revenue stated.

Based on their 220k/GW monthly breakdown (which is now out of date) you can work out % increase of usage for first half vs second half ---- usage is approx 26.5% higher in second half.

So based on Dec-May (2nd half receipts) vs June-Nov (1st half receipts) (eg good portion of revenue from Dec not received until second half in Jan)
$13.17mil first half
$13.1 +26.5% = $16.66mil
TOTAL $29.83mil which is closer to the mark. Add in $2mil for additional billing added in first half and forecast growth in second half then almost bang on $32mil.

If they don't hit that number (or very very close) then only one way share price will go.