Ann: CAT H1 FY19 Results Presentation, page-19

Good news is CAT had increasing overall revenues showing the markets are growing and indicates substantial growth potential is still out there. 
But - H1 NPAT $8.5m LOSS ! no senior exec management team, H2 "probable increasing costs", lag in cash flows from getting new products to market [ Playr / Vision / Vector / Clearsky], slower growth in elite unit sales, all not so good. Nothing here really tells me that the losses are going away soon. Surprised no-one asked who is sub committee to find new CEO or who is exec team looking at ways of achieving earlier profitability.

The Chairman stated - "winning vast majority of head to head deals " ?  and they did win CAF [for playr], Welsh Rugby, a new US football Association & UKRL - but just not most of the big deals of late with US Soccer [Men's & Women's], the Brazillian FA, The Chinese FA & Super leagues, Australian [FFA for all national teams], The French, Irish, South African & Argentine Rugby Associations and many teams, PSG, etc, etc.