Ann: Quarterly Activities Report and Appendix 4C - December 17, page-7

At 60% growth in revenues (Q on Q) this was a very good quarter.

As the company is in a fairly aggressive expansion phase, outgoings are also increasing especially staffing costs so I can understand the market being a little bit “meh” on SP3 for the time being. Quite large expected outgoings forecast for next qtr, so they need to keep growing revenues just to keep pace with that.

Its only a matter of time until we see some big position taking, because based on these numbers I think two more quarters will see SP3 hit positive earnings and any new technology deals may bring that timeline forward.