I'm looking at cashflow separately from profit. I'd prefer to...

I'm looking at cashflow separately from profit.

I'd prefer to see positive cashflow rather than negative cashflow. Two consecutive quarters of positive cashflow doesn't make a company, but is a start.

Agree that cashflow isn't profit, but does provide a different perspective on how the company is going. Cashflow and profit will tell me a little more about whether this microcap is heading in the right direction. I wouldn't extrapolate too much from six months of cashflow or profit in any case. So while the reported profit will be interesting, I wouldn't be too excited or depressed. Micro cap (and even small cap) cashflow and profits can be all over the place on a quarterly, half yearly and even year basis.

In any case, SEQ appears to be in a better position than it was even twelve months ago.