Ann: December Quarter Results Presentation, page-6

Definitely a lot of question marks there

Biggest one is:
Increase in customer's receipts but lower revenue??? Fair that last quarter they use seasonal factor as an excuse but now what is with the lower margin?

Pros:
Good to see manufacturing cost and admin cost reduced. Usually manufacturing cost is porportional to customer's receipts, this quarter is the first time I have seen increase in receipts but lower manufacturing cost (maybe they actually tighten up the spendings there).

Cons:
They hired even more people in tbe last quarter
Cash flow taking away the 12.8 mil is actually -2.4mil, not sure how much tighter they can work around it. Probably can give them one more quarter to prove their worth or otherwise, I dont see cash flow positive end of the FY23.

The pros and cons are pretty balanced for this one, don't really think it will draw that much attention from the market.