Ann: Appendix 4C - quarterly, page-27

Fos - yes of course their deploying large amounts of capital, this is essentially a technology company trying to establish scale.
Useful to take a look at that sheer size of sales and think about the inflection point and compare it to it's current market cap, in the blink of an eye they can easily show a cash profit of multi millions.
The variations in revenue month to month is also normal for a business that's continually improving it's business model, logistics and customer interface, these changes all create disruptions at various time. Once things stabilise as I sense they are starting to now, the PCP will definitely be the measure which management go with to remove significant impact of seasonality which will always be present for an e88 type.

I'm liking the trading down here by the way folks.