Replies to post #248772 on SwingTrade Member Forum (SWING)

[MikeDDKing]

From the INX.V / INXSF Q3'11 MD&A: "In the third quarter 2011, the Company entered an outsourcing agreement with a major US company that will cause In-Touch to grow faster – and significantly beyond the 25% growth target for the year. The Company now expects FY 2011 revenue growth to be close to 50%."

If revenue growth is 50% for the year, I calculate Q4 revenue would be $2.925M which would be a sequential increase from $2.763M. They only had two months or so of revenue from CGS so a sequential growth in revenue makes sense.