The Market is not impressed. However, revenue last year was $19...

The Market is not impressed. However, revenue last year was $19 million. We got $4.7 million in cash last quarter and receivables rose $0.3 million. So we are around breakeven. This includes geareing up for new contracts. A bit disappointing as I was expecting the $3 million pa retail contract we got last quarter to boost revenue by more.

However there are 3 new contracts worth $1.5 million pa announced this year. They should lift revenue in the current quarter. Costs this quarter are forecast at $5 million so we should be profitable from now on. How profitable remains to be seen, but given fixed costs of around $4 million from memory any new contracts should lift profits sharply.