Increase Price Target SI- $1.36, page-22

First half customer revenue was approx $800k.
Let’s say all contract revenue is for calendar 2018 as best case scenario. Then half of that will be in the second half of this financial year.
That makes $2.5m total customer revenue this financial year. Half of that probably from linewize acquisition based on linewize revenue in FY17.
I think expectations in SI valuation is for $4m this year in the education sector so this is below expectations in my opinion.
I might be missing something and of course this was from contracted revenue figures as at 31st Dec. Perhaps they are selling lots now, but previous announcements I think said selling season for schools was towards end of year.
There may be some big telco revenue coming online that I haven’t accounted for.