RE:Crossland updateHere was how I came to my conclusion that Q4 is going to be a dud:
The backlog at the end of April was 22.9MM. Add on the 1.9MM project that was announced in May, and we get 24.8MM. Custom sales have been coming in at a little more than 1MM per month, so I added on 1.5MM in Custom sales for May just to be generous. This gives us a total of 26.3 in backlog before extracting Q4 revenue.
As you mentioned, the backlog at the end of the FY was 18.2MM calculated by grossing up the end of FY23 backlog by 40%.
26.3MM subtract the 18.2MM and we are left with 8.1MM as our Q4 revenue plus or minus maybe 250K. This is obviously lower than last year's Q4, and hence why earlier I said Q4 was going to be a disappointment.