Ann: Market Update, page-20

Looks like they will meet the FY18 revenue of $1.75 mill needed to get the ~6.7 million Performance Rights.

$3.5 mill in revenue is need in FY19 to get another ~6.7 million performance rights and $7 mil in FY20 for the last 6.7 million.

It looks like fixed cost are about $1 mil per quarter excluding manufacturing cost.

Assuming they burn $800k this quarter and $700k next quarter they should start Q1FY19 with ~$4 mil cash.

So I reckon on a 40% margin (COG) and $1 mil fixed cost they should finish FY19 with at least $1.4 mil if they are to get their FY19 performance rights.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	FY19	Revenue	Gross Profit @40%	Fixed Costs	Net Loss	Cash
1	Q1	700	280	-1000	-720	3280
2	Q2	800	320	-1000	-680	2600
3	Q3	900	360	-1000	-640	1960
4	Q4	1100	440	-1000	-560	1400
5	Total	3500	1400	-4000	-2600	1400