Overall they have reduced costs by $410k this quarter on the prior one (13.4% reduction).
They also increased cash receipts by $78k (10.7% increase).
Total turnaround of $488k (excluding the $1.6m R&D rebate) for the quarter.
I'm not expecting the same again in cost reductions for the March 1/4, but I am expecting a bigger uptick in cash receipts as a greater number of CC franchisees will be onboarded before end of March and we should be seeing increased payments flow from CC and the other new customer that is being onboarded which has $20m in annual payments flow (circa $1.67m per month).
All of that is chipping away at the operating cash deficit.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-85
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