Ann: Investor Update, page-15

As I read this plus the previous releases (few and too far between) It would seem a year has been wasted. They start a new FY with $3m in the bank and $5.4M in Revs. It would seem the significant investment in sales did not work and had to be re booted under Karen Negus in the 4th quarter (hence cash flow positive in that period. The BR aquisition did not work out and resulted in significant support costs (since reduced) this has been sold on for a $1.2M profit which has offset the failed sales expenditure and we are back at square one.
Lets hope lessons have been learned and they can progress organic sales 10-15% growth wont cut it. It needs to be 40% plus. The marketing has been woefull and there are plenty of comments on here (I wonder if the Google stuff has been fixed?) about that. The Chairman is MIA.
As regards to your $500K per quarter cash burn, that assumes no growth and a runway of 18months. In fairness with the reduction in the support costs I would doubt that.
Its all about sales and the investment story...... sales becalmed up until the 4th quarter and the investment story still untold.
I would like to see some targets set on sales growth for FYE 2018 with regular updates to shareholders on progress. They need to get to 10M in revs, and fast.
At this price they are an easy target to be picked off for their Revenue, solid I.P and a blue chip customer base at a bargain basement price.