It’s worth noting, too, that the trend in cash receipts remains...

It’s worth noting, too, that the trend in cash receipts remains very favourable. While any review of the cash receipts number this time around might seem a bit redundant given the disclosure of revenue growth for the quarter (of +46.1% y/y), cash receipts are quite a good proxy for sales in Kogan’s case, worth keeping an eye on. Check out the green-highlighted line below showing ongoing acceleration in quarterly receipts – no slowdown there.

The very last column estimates Jun-2018 quarter receipts (using my conservative +45% y/y assumption) and calculates cash flow from operations for the same Jun quarter using the company's own forecasts (pulled from today's announcement).