RE: Join the dots29 Jun 2023 08:01
The 6 months to June 2022 generated revenue of £810k, a 270% increase on the 6 months to 30 June 2021 (£219k), demonstrating continued strong growth. Total monthly revenue reported in June 2022 was £181k (approx.$243k), representing a monthly increase of circa 62% since the Company's last update on 1 March 2022.
So June 2022 saw revenue of $243K. Why higher than usual? The final amount of revenue from the initial 6 month IGS contract perhaps before they changed the payment method?
Monies were received in January 2022, final payment June 2022 and we have seen 2 x 6 month extensions.
What we can agree upon is here we are, 6 months into 2023 and once again there is debate over how to interpret official guidance.