Revenue isn't income by the way. So a real bad choice of word to use
Didn't you read the last quarterly report by the way? revenue = A$1.760M against A$1.875M in the December quarter. Cash-flow was down from A$1.12M to A$0.882M (although that figure should have been an unstipulated amount higher due to the late receipt of cash from 2 parties they said).
Now yes it does look like revenue & cash-flow will increase when the June quarterly numbers come out, but at the same time what's happening on the cost side of the equation ? If they don't see these flatten out quickly then the quarterly loss gap won't close & the company simply can't afford to burn through money like it has in the past.
I brought up the Dataflex topic for a reason, this time next year ie in just under 12 months time the first Aktay payment is due to Syntonic of at least $1.25M (even if the product hasn't gone to market), some might roll-in before then if its actually generating revenue in Turkey by then.
Will be interesting to see what's said in the quarterly & annual report regarding the Turkey launch that's had so many postponements to date.
LOTM
SYT Price at posting:
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