Ann: Condat delivers strong first quarter results-IVO.AX, page-4

Good result. Still seems to be selling pressure though. I suspect the market is still sceptical after all the management upheaval from last year, and will wait longer before judging whether Cohen & current team can deliver the goods.

Not yet expected to be cash flow positive imo, but with 1st payment from KIT digital ($750K) and $1.8M (let's say $1.5M after costs) from SPP, should have sufficient cash to cover Q2 I would have thought.

Cheers, Sharks