A bit of a disappointing quarterly.
Customer receipts were low and ELS expect an outflow of 1.2M next quarter. They only have 1.8M in the bank.
On the plus side the miniaturisation they are working on looks to be for potential customer requests. This quarter will be a gearing up period for the company to hit the ground running in 2018.
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- Ann: Appendix 4C - Quarterly & Activity Report
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