Ann: Quarterly Activities Report and Appendix 4C, page-6

Cash receipts from customers for the period were US$3.6M6, and cash outflows from operational expenditure was US$4.3M.7
Combining undrawn loan facilities with closing cash, the Company has a total of US$103M of liquidity to fuel future growth.

As revenue grows and operational costs shrink the GAPwhich is $3.6M up, $4.3M down becomes only $0.7M loss to the company.
I am comfortable knowing we have $103M of liquidity and the GAP is shrinking.

Have i read this correctly?