Ann: PrecisionHawk Becomes Significant AaaS Customer, page-13

Don't think that people realise how close to cash flow break even the company is.
My analysis is that if you take the March quarter results and add back most of the R&D costs as income (These are costs company will get back from the federal government R&D tax incentive scheme... and I expect they would also get EMDG funding from AusTrade... )
With the DAAS and AAAS subscriptions since that report, the company is not too far from cash flow breakeven....
Wont take too many more sales to get the nose in front in my opinion.... THEN we will see a whole different valuation model..