Dec quarter estimates, page-14

The shareprice has pretty well flat lined since the IPO, mainly because the shares on issue has grown from 1.3b to 2.5b (pre consolidation) a necessarily evil for an expanding new company. I think the reason the share price (pre consolidation) has gone from 1.9c to 1.6c since the Sept Qtly was released is because of the flat Qtly reported sales, along with the general market down turn.

The graph shown at the start of this thread was first shown in the Nov 2017 update, repeated in the last Qtly. I had to go back to the Nov 17 narration to fully understand the seasonal variance the chart depicts. Compared to the $220k per GWh they receive annualised, or $18500 per month, in the Sept Q they only get $15,518 av per month *1 This compares with an average of $19,446 per month for the Dec Q. So Sept Q 16% less than the norm of $18,500, Dec Q gets 5% above the norm of $18,500.

So you would expect the Dec Q to have 21% more revenue assuming the GW hours sold was the same. With more GWh under management in the Dec Q cf Sept Q you'd expect the revenue to be above the 21% increase. Having said that, this assumes their graph is accurate, looking at the 2017 Sept vs Dec Q's there was only a 17% increase whereas in 2016 it was a 90% increase. Those 2016 figures probably not relevant as they were expanding off a low base. 

Just as the Sept Q sales were less than most expected, there’s a very good chance the Dec Q will exceed most expectations.