You aren't quite reading it correctly
For a start, there were one off costs of $3M for the quarter that were liabilities that existed from IPO
They have also pre-paid over $1M of advertising space
Staff costs were up, but that was due to some IPO associated costs, and hiring additional engineers to switch customers onto the EN1 platform .. which in the long run is much more beneficial
EN1 expects the bulk of the costs to be incurred this half, with a whopping 75% of it's revenue to fall in the 2nd half ... meaning it has a massive 7 months ahead
They have also flagged proposed acquisitions to be announced very shortly
All in all, that is an excellent quarterly report IMO and signals some huge revenue growth ahead
