If there is 574k in debtors they have been billed as you say .....SO APPEAR IN THE REVENUES LINE ALREADY
No bonus sales to come here
Sort of says what they have sold / billed ain't been paid yet
Note - haven't looked a financials yet
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Hope this isn't turning out to be another Blis Technologies
Seems like it
Looking back through the thread - even as late as this morning - numbers, profitability, time frames & even names have been reported on by the media (mis-quoted and mis-reported) and dissected over and over. To me, there is only one place where important questions should be asked - the AGM (or any other shareholder meetings with the company). With the amount of differing opinions on this & other threads (which are all entitled), it is only that - opinions ... and they will remain the subject of conjecture. How boring would it be if we all shared the same one? I can't wait for the AGM.
PS - I would be surprised if they bothered to account on a singular, test by test basis.
More likely the bulk contract holders will be billed, and pay, in large, less frequent amounts.
Looked at through this lens, revenues may start pumping up now.
To me the current SP is pricing the $100M annual revenue as a near certainty. Which it isn't! This is a very risky stock and should be priced accordingly: which I think means maybe half its current price.
Admittedly, this $100M revenue only accounts for about 10% of the US market, so there could be significant upside if things go well, but they need to get enough sales to last five years before that is even a possibility.
Today's announcement doesn't change anything. it is still a risky stock with lots of potential that's tracking along as expected.
Despite all that, I'm thinking about buying in sometime soon. I like what they are doing.