Sorry there appear to be two competing views here?
Are the $4m contracted and the $3m recurring two separate pools of money?
IE there is already $3m in recurring revenue annually and there is another $4m in contracted revenue that has not yet started being paid and is therefore not yet recurring?
Or is the $3m recurring revenue part of the $4m contracted revenue?
I can't find either amount being referred to as being an annual figure. Why is it assumed that it is?
Big difference between $4m contracted over a year as apposed to $4m spread over up to 3 years.
I agree that cash receipts this quarter will be a good representation of the next 12months of revenue from schools that were signed up last year.
Anyone able to help pull it all apart?
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