Nice balance sheet. $9.6 mill in net assets @ 30 June 2014 -...

Nice balance sheet.

$9.6 mill in net assets @ 30 June 2014 - largely represented by the intangible assets held by the company.

@ 30 June 2014 there was $1.2 mill in the bank and $3.1 mill owed to the company (of which $2.4 mill is true revenue collection from customers and the balance some more R & D money owing + sundry items).

Comparatively only $161k was owed to creditors (short term) -

Borrowing of $2.6 mill @ 30 June 2014 (increased from 1.8 mill in 2013) - however this is a cash flow positive stock and the P&L reads well.

Sales revenue down by around $500k from 2013 - 2014 financial years, although a nice R & D rebate of over$1 mill helped to offset that in 2014.

The additional $4 mill revenue is a real win.


Nice find fib.