Revenue of $5m for the quarter, annualised that equals $20m. Revenue commenced end of July or thereabouts but cash mostly only started being received in the December quarter.
Based on current revenue and forecast expenditure for June quarter it looks like we will only have cash on hand of $2m at the end of June.
I'm glad I sold nearly half my holdings, got some cash and capital loss to offset most of my capital gains for this tax year.
EGO Price at posting:
35.0¢ Sentiment: None Disclosure: Held
