The bottom of March 2019 is an outlier... This is before the company stopped bleeding cash through its Australian manufacturing facility...
Mid-range of the figures you present is roughly when they trimmed the fat and rid of Australian manufacturing...
The last seven quarters represent increasing cash flow from 4.9m to 7.1m.
Take into consideration the large orders of recent and the new eco product line and this should continue to grow.
As for operating cash flow, the last 3 quarters represent an investment in R & D and more recent expansion of Malaysian manufacturing capabilities to enhance productivity and keep up with ongoing increased interest and demand.
Put simply, if you exclude the qrtly from March 2019 this company has seen good ongoing growth in cash receipts.
SES Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
