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Ann: Quarterly Activities Report and Appendix 4C, page-21

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  1. 1,050 Posts.
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    Headline revenue continues to grow. Its grown significantly over the past year, it has gone from around $3.3mln to $10.7mln for the full yr. We have the invoiced $1.5mln to be added to the cash balance anytime now. DTC revenues continue to grow. The headline trend is the most important number to watch. Some more colour around the HP shipments would have been helpful although that me be provided during the call. Of note is the big bump up in R&D spend, that may be due to another product development which was mentioned previously. Buds shipped is over 15k, again a very positive trend. More commentary and colour over what is coming up would be helpful, hopefully some of that is provided in the call and any upcoming announcements. Their addition to costs appears to signal they are confident of continued increases in headline revenues, which is the most important thing.
 
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