It does look like things are on the move and a great result. To...

It does look like things are on the move and a great result.

To pick up on a couple of things though. Operating cash flow is +$1.25m and this is hiding a step up in "product manufacturing and operating costs" which probably has some raw material investment as you say, but that could also be other one off expenses associated with current activities such as the manufacturing consolidation in WA or expansion elsewhere (though the $128k in cash flows from investing activities is probably also associated with these events). The buyback does not impact the $1.25m operating cash flow and is accounted for in the cash flows from financing activities. The total cash flow for the year is +$173k, made up of +$1251k operating, -$401k investing and -$677k financing.