BUD 0.00% 4.3¢ buddy technologies ltd

Definition of Sales, page-56

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    I expect Lifx to be cash flow positive in the March qtr. Lifx had Accounts Receivable of $9.4m at the end of December, that could drop by approximately $5m by the end of March. My guess is that the December qtr would be a negative cash flow quarter for Lifx, because of increased production for Christmas sales, but a significant amount of the cash from the sales would not be received in the December quarter.

    I think the Buddy Platform business will still be burning through at least $2.5m in the March quarter. After that hopefully they will reduce spending until they win a major contract.
 
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