Ted’s response - Costs vs Revenue, page-139

You are quite right. Thanks for clarifying - It is not profit and I have to admit it is probably too crude a number.

I am simply stating at $42K per day the revenue ($3.78M 3 mths) gives us a very good indicator that the company is turning around.

$3.78M per/Quarter revenue. Sales Margin at 40% = $1.51M
This is an improvement over the $2.61M cash receipts from customers reported in the last 4C.

OpEx costs are $1.125M ($375K x 3 mths) - immaterial change from the last 4C (Ted says this is fixed).

There are also other expenses depreciation, amortization, bad debts, interest expense, financing payments etc to consider

The other way I look at this is that there's $1.1M more to go towards the operating cash outflow ( -$887K from last 4C), and other expenses.

It is still crude but it's enough for me to be confident that EN1 is moving in the right direction.
Increasing revenue to $52K per day and reducing other costs like office is going to improve the P/L even more, and that's only what has been reported so far. Still Stage 2 revenue to come.