Sorry @finch2.
Didn't explain it properly.....I like KISS.
We will go with the theory that the sum of $600,000 is not from operations & should add to the loss as & when it is recognized....i.e the 1st half.
# Reported 1st half loss $900,000....."True" loss $1.5m (round figures)
# Reported 9 months loss $1.1m......True loss $1.7m......Huge improvement.
# Reported Full year Loss ? $1.6m .......True full year loss $2.2m....50% improvement.
We will talk about this in a couple of months.
Ann: SMA May Revenue Update, page-159
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