I wouldn't get too excited. This management have a history of making only positive announcements and conveniently not telling the whole truth. No mention if cashflow was funded from a drop in inventory for instance. It isn't difficult to be cash flow positive over an arbitrary time frame. They have been cashflow positive in the past only to bleed cash in the following quarters. If the 1.5million in revenue from the 4 developments implemented in this quarter is ongoing then I will stand corrected and will re-evaluate my position. Cynically however I suggest this revenue will be derived from setup and implementation and that the ongoing revenue from these developments will drop right back in the next quarter going into negative cashflow again. If implementations continue in the following quarters and they work flawlessly with little support required then there may still be hope.
AHL Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held