So basically we have to find a partnership and/or look to raise capital by ~September / October. They won't let the bank balance drop too close to zero.
Glad to see receipts up slightly and costs are down (particularly staff costs). I am ok with R&D and Manufacturing costs being a bit higher as these add value. Admin costs are steady (down would be better but oh well).
Advertising is down - but I do not see that as a big value add in a word of mouth / expert driven business (probably reflects attending fewer conferences, which I do not think is a major loss).
All in all, I am pretty happy. I was ready for it to be a lot worse!
Ann: Appendix 4C - quarterly, page-4
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