A stunning result considering the 13 week payroll period!
We might be able to crack $2 million in receipts next quarter, depending on exact timing. Pretty cool. Should have a very healthy cash balance even after they pay out $677,000 to buy out our third largest shareholder. Hopefully then we will turn our scope to targeting the #2 shareholder - good riddance!
The estimated cash flows for the next quarter appear to be a bit of a copy paste job from the last time. I'm not sure it's a true reflection given the leak around future production plans of MADE IN THE USA! At least this time it wasn't a leak out of thin AIR.
Ultimately, the annual report should provide the commentary we are craving. Short of another unnecessary EGM from @kearneymaurice too, the AGM will most likely have better catering than last year with at least some wagon wheels, instead of mixed creams.
I note there was some strange asset purchasing going on in the quarter. Too much for simply biscuits!
Last time they reported revenue is up 10% and profit was $500,000 before tax. Now they say sales are up 16%.
Nevertheless, we should see that "dividends paid" line start to be populated very soon.
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