The 5-year strategy looks a bit insipid when the revenue continues to drop in a growing market. $14 million for the full year revenue is probably optimistic which is quite a fall from almost $20 million 4 years ago. Corporate overheads are now consuming 70% of gross margin which is not sustainable with a declining revenue base. The company really needs to figure out how to generate some sales growth.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2
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