I wanted to point out that the "$15.4M revenue already set to be recognised in FY2020"  is very similar to this quote from their half year report on 25th febuary 2019 "Strong outlook for the Group with $14.8 million of contracted revenues to be realised in FY2019", one month off this time last year they had all there revenue for the fininacial year bar $2.1M. if that was to happen this year agian we would see that company have around a 2.2M increase in revnue at 17.6M an increase revenue of 4.1%. They have gotten an increase from 27.4 to 37.2 in total sold revenue a 36% increase from last year this time. This is surface level research however and i do not have he pdfs of the last years quarters, though i did have it writtern down that in there Q3 last year they had a 6.2M and Q4 with 6.1M in receipts. So they do have a trend of ramping up recognised revenue in there quarters towards the end of the year.  However there recurring revnue is up 27% which for ALC is what i watch the most and they have solidy increased contracts.If they do only get to around 17 to 18 million in revenue they are fairly valued.

The 15.4M in yearly perspective is not that impressive, yet we will have to see if they can manage to keep increasing that past the 2.1M of last year.