• Total customer revenues were A$569k for the quarter reflecting a decrease of 36% from the prior quarter and an increase of 33% over the same period in the prior year
• Gross operating expenses were A$3.8M which is down A$276k from the A$4.1M in the prior quarter
• Gross operating cash outflows were under A$4.3M which is down A$477k from the $4.7M spent in the prior quarter
• Revenues under the latest Airstream Statement of Work (SoW) began in December, following the commencement of work under that new SoW
• The Company reiterates its guidance that it remains on track to achieve cash-flow breakeven in Q4CY2019
• Cash on hand at 31 December 2018 totalled A$15.1M.
BUD Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
