Ann: Quarterly Business Review and Appendix 4C, page-2

Nothing really unexpected here with growth continuing for 23rd consecutive quarter. With the expected R&D cash they will get in Q1 19 they should not need to raise again for at least 12 months and maybe never if they decide run for cash generation rather than growth.

About the only thing that is negative is the slight decline in the old market (USA, Australia, UK) on what we can assume is a major cutback in advertising (4400 rides by my calculations). The positive side to all this is the huge leap in gross profitability after paid acquisition costs, which went from -$50K last quarter to almost $500K this quarter.