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Correct me if I am wrong... $4.6m of FY17 revenues are expected...

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  1. 336 Posts.
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    Correct me if I am wrong...

    $4.6m of FY17 revenues are expected to be generated from already contracted recurring revenue - that's guarantee
    $4m of FY17 revenues expected to generated from customers that have stated intention to conduct roll out within 6 months - That doesn't sound guarantee, more like a verbal than contractual agreement.
    Up to $5m of FY17 revenues are expected to be generated from new customers under various stages of business development - new customers coming on board - no guarantee
    $0.4m to be received as other income - no idea what this is but sounds guarantee
    The management expects $9-$14m revenues. To me is really optimistic. What if customers decided not to go ahead, or new customers coming on board slower than expected?

    I still believe the long term business story is a good one, but I am yet to see the management proving themselves.
 
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