My take on this: And remembering this is prior to the CLAWS announcement.
Revenues : remained about constant at $370k, however R+D grant jumped from $4m to $7.3m ( when it arrives)
Costings: (1) R+D : dropped from $2.193m to $1.12m : the previous 3 quarters where all over $2m as the Fremont Fab was fitted. (2) Staff Costs : jumped from $1.68m to $2m : New full time CFO employed and other Staff to deal with expected uplift in work load and orders. (3) Admin: Runs between $300k and $400k. Bridging loan of $1.5m and $250k over draft from CBA. Not ideal but we all know how slow the ATO can be.
Overall, the burn was about $600k less than previous quarter. NOT INCLUDING the government grant of $7.3m. That kicks the can down the road another 6 months. Now we wait and see how much the allocation is from the CLAWS group. I am expecting around $3m USD. Thats should be worth approx another 6 months and by then the R+D should roll around again.
Having said that, at some stage we need/(will see) a material uplift in orders and revenues.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)