Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-4

Not that I'm not cautiously optimistic, but you do realise that about half of the cash balance at March is not really ACR's money? As well explained in the management's notes, about $2.7m represents cash received to pay for manufacturing inputs (APIs). These were paid in April.

It also means a very large chunk of cash received from customers is not revenue, it's costs passed through ACR (COGS to the partner company).

A classic example of how the notion that "cash-flow is king" is as dangerous as over emphasising the P&L.