Again they've been confusing (overcompicating) in their wording...

Again they've been confusing (overcompicating) in their wording - they really need to fix this aspect of their updates as its not the first time.

It's referring to increase over the 2017 'average', so not same period last year (ie not a QoQ). So yeah can't base it on last quarter. Also the %age increase is referring to billing per school. We have significantly more schools now than in 2017 so can't just multiple 2017 school revenue fro Oz and NZ by the average increase.

In other words, hard to get a read on what the quarterly school revenue though it would be possible to get a rough idea if one could be bothered.

Personally it's not that important to me. What IS important about that highlight however is the fact that the billing per school is increasing! This could be due a variety of reasons such as larger schools signing on, or existing schools having significant success so ordering more 'services' or extending it to more students because of that success etc.

I am really looking forward to see what they achieve in the last quarter of '18 when ANZ school purchasing decisions really kick into gear like last year.

The US update was also impressive. Will be an important future business to even out annual cashflow as will their other planned global expansions.

Cdchi1