Can't help myself, couple of more thoughts before I go.
- IMO the real risk in Q4 was how much revenue would come in from AQB after the Q3 lost contracts. We have no Q4 data for AQB, but the full year AQB revenue is "only" down 13%, so a fair chunk of the AQB revenue promised in the Q3 announcement must have come through in Q4.
- Higher margin proprietary products are still only 25% of total production. AQB production going down and being replaced by higher margin proprietary production is a good thing.
- Net operating cash flow of $1.8M for Q4. Very tidy. Sets us up nicely for the first half of next year which is traditionally the stronger half.
Can't help myself, couple of more thoughts before I go. - IMO...
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