You're right. I think, however, that the cash flow is from a shift in the balance between trade debtors and creditors - at the moment receivables exceed payables by over $1m.
In any event, the situation is nothing like it was three years ago, when Konekt was well into its overdraft and things looked dire (and the share price dropped to 3c).
If they can grow revenue past $40m then earnings should be quite substantial.
KKT Price at posting:
5.5¢ Sentiment: LT Buy Disclosure: Held
