Glad you mentioned Blue Reef, this seems to have been forgotten. $4.6m to $6m is only $1.4m when the blue reef acquisition was supposed to add $2m in annual revenue. This means here has been churn or loss of contracted revenue. The additional $1m of TCV signed last quarter is also 50% a new product (Siem) so wondering why the core business has not added more than $500k in a quarter or $14k a month of contracted revenue.
Way too many one off items that benefit cash flow ATO and FZO and share sales that distracts from analysis of the operation of the core business......
TNT Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
