Revenue were probably suppressed last quarter by timing of payments. I say this because of the substantial increase in accounts receivable. Accounts receivable from FY 24 Q1 to Q3 rose from $6.2 million, to $10.5 million, to $16 million. Prior to that AR floated in the $3.5 to $5 million dollar range for several quarters. We didn't realize that extra $6 million in revenue last quarter....it has to show up at some point. As such I think there is zero chance of an increase of less than $5 million this quarter and it could easily be more than double that.
From Q2 20204 (Nov 2023) CC
We're giving terms -- payment terms, so we're collecting over 60 days or so. So it takes a while for the money to start coming back in, very standard stuff here.
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