I have been a big supporter of this stock however these numbers...

I have been a big supporter of this stock however these numbers have to be called out for what they are.... disappointing.
Yes the revenue is spread across the life of the services contract so have a accumulating affect , however the contract announcements are few and far between. The IR/PR function should be to announce contract revenue against a well informed plan. We have neither. The shareholder relations information is non existent and the Chairman has to take accountability for that. The comment about validation is crap the Company has been going for 10 years with Blue chip clients (Toyota, BMW, Nintendo), validity was proven years ago. I have spoken to clients who use their service and they rave about it.
There needs to be a significant improvement in sales and right now I don't see it. Again they left the ASX announcement to the very last minute....completely the wrong signal for the market.

Another point is the treatment of the sale IP to FZO . Originally the description of the purchase of Blue Reef was Contracted revenue plus IP plus staff and minor assets. The IP was valued at circa $500K and the main game was the $3m in customer forward revenue (as outlined by the analyst report). The IP was later sold to Family Zone for $3.8M and as far as I can work out the original purchase transaction has now been backed out and the 2016 numbers restated with the IP now set at $3.43M the rest was the Customer contracts. How can $3m of forward revenue be valued at $70K?. The effect of this was a serious reduction in revenue....... You have to hand it to whoever oversaw this that they have snatched defeat out of the jaws of success.

The main and only game here is revenue/contract sales and they have currently failed to deliver on the promise. They need to announce revenue and Contract revenue targets by which we can judge progress.