A good report but the thing that stands out for me is that the only reason it was cashflow+ was due to the R&D rebate. Otherwise still burning through more cash than they are generating.
They are not far off, but just need a kick up in sales to get to positive cashflow from operations.
Also, liabilities are a little high for my liking. I want to see this reduced to be more comfortable moving forward.
Ann: H1 FY24 Results Presentation, page-3
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