I'm not trying to talk this stock down. I've been holding it since 2014
But cash receipts does not mean revenue earned in this period.
The half yearly report from 6 months ending 2017 says 665K revenue, 314K cash received (which I was happy with, at least it was a start).
This quarterly - no mention of revenue, receipts 406K - would fit that most of this is the cash earned in 2017 finally being paid through.
I just wish they said how much revenue had been earned.
CVT Price at posting:
4.7¢ Sentiment: None Disclosure: Held