RE:slight change for fQ3 after the webinar Just can't see how SaaS revenue can get close to $3mil next financials based on what she said today.
Overall adherence has gone up 10-12%. Not on Jan 1st but over the course of the past 3 months. Given there is then a lag for those newly adherent to generate revenue then it seems best we can hope for is SaaS rev hitting $3mil by Q4 with only a relatively small acceleration this next Q, say an extra $400,000 SaaS revenue (so $2.1mil Q3). That's assuming everything she is telling us is flowing to the bottom line in a timely fashion, not the safest assumption to make with this company. On that basis it's Q4 numbers that will tell the story of an improving business model. I'm not expecting great things from Q3, it should be moving in the right direction but not showing the company taking off so to speak. Btw I'm usually wrong!
mingzhu wrote: 1, hardware revenue $4m: Lisa said 15m hardware will be largely delivered by the end of Jun. I assume 10m delevery, 4m for fQ3, 6m for fQ4.
2, software: still the same $3m
3, profit and cash flow: negative cash flow and no profit for Q3 because only 1m out of 5m late receivables was collected Both will be positve in current Q.
4, fx:still positive.
5,ebitda: still the same 800k-1m