Ann: CPS Underway, Runway being extended to Q3 2018, page-3

"The reduced monthly cash expenditure in addition to the Company’s current cash balance and expected FY2016 R&D refund of $2 million (and expected similar amount in FY2017) should provide runway into Q3 FY2018 without the need to rely on capital markets. " ...... i.e. before revenue, we supposedly have 13 months runway.

“Management is firmly focused on building a sustainable business and driving revenue into FY2017... Like most enterprise businesses in the security and compliance sector, engineering and development expenditure is high in the early stages until there is a transition to monetise the technology. We are at this inflection point.


Take what you want from it. Heard it all before. Still no indication of what short/medium term revenue we can expect.