Estimated cash outflows of 22m (taken from Q3 4C). FY17 Q4 cash...

Estimated cash outflows of 22m (taken from Q3 4C).
FY17 Q4 cash receipts of 14.3m. Big gap to make up there to be cash flow positive for the quarter.
Growth in cash receipts has been steady and very consistent this year.
Q1- 23% (Cash flow: 8.3m)
Q2- 29% (0.9m. Positive due to government grant of 1.9m)
Q3- 23% ( -4.3m)
Q4- ??  (Q4 FY17 was -5.8 so I am expecting a number well into the negative, say 3-4m the red).  -4m looks about the number to be cash flow positive for FY18?


From their Q1 4C
"[BCOLOR=rgb(100.000000%, 100.000000%, 100.000000%)]The seasonality in Catapult’s cash receipts cycle relates to the concentration of elite sales in fiscal Q4, resulting in a concentration of invoicing for new elite customers and existing subscription customers in fiscal Q1 .[/BCOLOR]"

Due to this you can't really determine CAT's cash flow position by reviewing these 4C's in isolation.  Cash outflows have been anywhere from 17-20m over the past 12 months. Due to the seasonality of their cash receipts, some quarters look a lot better than others!

I'd be expecting a similar number (growth of 20-25%) but I am certainly hoping the company can start to surprise the market on a positive note and begin to generate some positive sentiment back into the stock.

Fingers crossed tomorrow is the start of a positive FY18.  Strong 4c, PLAYR is off and out there for public consumption and a new tactical product sometime this FY.