Ann: Spectur FY18 revenue up 86 per cent to $2.48m, page-3

This is again looking very good. Better breakdown of the different revenue streams, rentals growth in particular is something they clearly want to highlight & promote.

Caveat here is on cash burn, expansion into new territories is expensive & we saw in the last 4C that expenditure is on the high side.

But I don't think anyone can criticise this revenue update, and the sleeper here is the 2-3 trials that are underway with very big fish. The defence supply contract in particular is something that I'm hanging in for, it will likely transform SP3 if it happens.

Accumulate IMHO.