CR?????? Why when..
- Funds available for working capital at 30 June 2019 are $0.78 million.
- Record FY19 total revenue of $14.23 million, a 149% increase on FY18;
- Maiden quarterly cash operating profit (1) of $0.43 million;
- “The Company met or exceeded all market guidance milestones – including delivering a maiden quarterly cash operating profit.
- “The Company is well placed to deliver strong revenue growth in fiscal 2020; a healthy pipeline of potential revenue from current projects exceeds $33.0 million.
- Key milestone targets for FY 2020:
Revenue growth to exceed 15% year on year; Deliver a full year cash operating profit; (1)
Why one earth would they need a CR when interest rates are so low and profits have began and they 750K in bank.
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