Ann: Company Presentation, page-10

I am not quite as bullish as that. I think it will come in around $760k or about 37% qtr on qtr growth which is pretty good.

I have gone back to the previous 4C and if we can get that growth rate each qtr, we will be cash flow positive from around August next year. However, based on the customer success case study, i think next qtr we will see much higher growth as the steepest part of the growth curve hits for at&t and broadsoft. It wouldn't surprise me to see a 60% qtr on qtr growth in the current qtr. That will see us cash flow positive before the end of financial year, even if growth then slips back to high 30% range. This excludes any govt grants (note this 4c may look worse than the last due to receipt of govt grants last qtr).

Cash flow positive will obviously be a major catalyst for share price growth. Only question is do we have enough cash to get us there