Ann: K2F Appendix 4C - Quarterly Cash Flow Report, page-4

My reading of the Dec-Q

• The market would have factored that no SAP generated sales dropped, because they would have announced it prior to the end of the CY.
• It's worth remembering that K2F / SAP are negotiating with large slow-moving organisations which take their time before signing a contract but are then sticky. Gaining new infoscope clients is likely more of a question of "when" rather than ïf".
• Yes cash is tight with $1m in the tin (but with $600k in receivables yet to come) however if they can generate the same revenue of $1m in the Mar-Q, this implies a cash burn of $400k & supposing they are paid their receivables, they will end the Mar-Q with a cash balance of $1.2m.
• From the commentary, they are confident of signing up 1 / 2  new clients to infoscope this Q.
• With a market cap of only $9m (at 13c) you are not paying much for the SAP / infoscope option.
• MktCaps of other early-stage tech co's I'm in: 3DP $28m, CDX $33m, RHT $35m & 4DS $57m