Email from Rob, page-24

The company was previously forecasting to be breakeven/profitable in FY15, however they have missed this target given the acquisition and associated costs, new hirings, whilst I think sales growth was not as good as could be, particularly in the US). As a result, breakeven was pushed back to this FY.

The company has a long history of missed expectations and false starts of making something out of itself so I believe the SP will move once they clearly demonstrate they are on track to become CF and NPAT positive within the most recent guidance. If they do this then the market will come around and start to price in the potential and the more recent bullish guidance (Revenue at 56% CAGR to 2020). Until then the SP will drift and go nowhere.