Here is Keffola's post that explains how they worded that 14% improvement whilst losing money in gross profit.
"Actually correction, I can replicate exactly their numbers to get 14% (roughly) gross profit margin increase.
2nd Half FY 2016
Revenue from sales - $2,028,082
COGS - $2,326,484
Gross Profit - ($298,402)
Margin - (14.71%)
1st Half FY 2017
Revenue from sales - $11,193,372
COGS - $11,301,608
Gross Profit - ($108,236)
Margin - (0.97%)
So there we go, that's how the number was calculated for anyone interested =). Exclude grant revenue and interest. (which is to be honest correct when calculated gross margins on sales."
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