Ann: Appendix 4C - quarterly, page-13

I was expecting $7mil aswell.
These 4C's are difficult to reconcile as the costs are current but the receipts are lagging. Market contracts due weekly.

Positives
Stated they are 'on track'
Gross margin guidance maintained
Costs down on slightly increased conversions
Negotiated lower install costs moving forward
Increased conversions in 'slower' months....I'm gathering they mean Jan when a lot of tradies on holidays.
Pushing new product into market...Aiming for 6000 customers in 6 months approx = additional 30GW (based on ave 15kWh/day per household)

Negatives
Cash negative
Nothing to excite market
Difficult to reconcile receipts
No statement re sales/pipeline etc...would have thought this is pretty important
Steini's super mates still won't be able to buy