The revenue figure doesn't add up for me. Only up 15% on previous quarter, yet over last 3 quarters GW's have grown by 38, 31 and 22% respectively. Would have expected revenue to increase by +30% given the known lag booking revenue.
Looking forward they are predicting cash outflows of $4.35mil this quarter (although last quarters prediction was a fair way off)
Predicted revenue with a
15% increase = $4.35mil
20% increase = $4.54mil
30% increase = $4.92mil
If, that is 'IF' their numbers are accurate, then at a minimum we should see cash flow neutral next quarter.
Ann: Appendix 4C - quarterly, page-14
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