YEAH Baby!! First good sign was that the 4c was released before...

YEAH Baby!!  First good sign was that the 4c was released before the last business day of the month.  (My comments in bold in brackets)

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Key highlights during the quarter:
• Customer receipts increased by 16% on previous quarter from $1.537M to $1.780M. (still would have like to have seen closer to 20%.. but I am aggressive)
• Quarter-on-quarter receivables increased in line with business growth.
• Net cash outflow for the quarter was $208K . (real improvement!!!)
• During the March quarter the company signed contracts with a Total Contract Value (TCV) of $1.2M, including one blue-chip customer contract worth more than $600K. (Would have liked to have seen some of these announcements get made even if they cannot name the client)
• Received $1M cash during March quarter in deferred consideration for the Family Zone Cyber Safety (ASX:FZO) transaction executed in December 2016. (This is confusing me as I can only see 500k in section 2.2????)
• Received an additional $1M cash from FZO in April 2017 with final $1M cash payment scheduled to be received by 31st May 2017. (This will not show till next quarterly)
• Q4 2017 is expected to be cash flow positive, enabling TNT to execute a number of strategic initiatives around product development and sales team performance. (And this is what WE ALL WANTED to hear... but I assume they do not mean operationally cash flow positive but due to the 1million coming in from FZO)
• Successfully engaged with Dell to facilitate revenue growth while minimising cash impact by financing customer hardware off the balance sheet.
• Staff costs and other expenses reduced from prior quarter as a flow-on benefit of FZO deal. • Cash position at 31 March 2017 was $1.705M.