Per the update from yesterday:
Generation NEXT Franchise Brands completed the First Quarter of fiscal 2018, with bookings aggregating approximately $5.5 million, adding to its existing deferred revenue of approximately $25.0 million.
The company completed September 2017 with $1.8 million in available cash;
Receivables increased by over $10.5 million from $2.4 million to $12.9 million during fiscal 2017;
Our deferred revenue increased from $8.1 million to $25.0 million representing an increase of $17 million during fiscal 2017;
Our first robots will be delivered in November 2017;
We are excited to announce that our first franchise training begins November 6, 2017 at the Generation Next Corporate Office in San Diego, CA. Each franchisee will spend 2 days learning about their robots and franchise business. Franchisees that attend this inaugural training will be also the first to receive their robots. Representatives from our partners Flex Ltd, Pitney Bowes and Spaceman will be in attendance at this training.
