Ann: Annual Report to Shareholders, page-2

Cashflow is still a problem with an operating outflow of $500K.

Sales growth remains a looming issue in my opinion and the $15.8 million revenue figure is down 14.5% on last year. New customers seem to be few and far between and gaining new customers is absolutely essential for growth. If you go back throught the announcements, the last new customer which was material enought ot announce was back in 2018.

The unsatisfied long-term contracts note has been dropped from the annual report so it is a bit difficult to see what is going on with the backlog.