Ummm. You forgot to take the movement in inventory of the period...

Ummm. You forgot to take the movement in inventory of the period into account when doing your little bit of arithmetic.

The $c even stated that COGS includes purchases of additional inventory (from Kiwi Buy purchase).

Please, if anyone wants to pretend they are a CFO, at least try to understand the difference between cash and accruals based accounting principles.

Some of the comments here in relation to a business that has only traded for 9 months, really are quite unsophisticated.

I think the respective trajectory of Sales, GP and expenses over the period of trading speak for themselves.

Cash burn has diminished each quarter, and the company has stated it expects to cover "total operational costs" during 2019. How much more transparent can a management of a start up be?