" in the report that revenues are $855k, yet customer receipts are $295k "
I'm no accountant but yes, there is a time delay between revenue (invoices, or sometimes recognition of work done/ earned value https://community.ato.gov.au/s/question/a0J9s000000OA3h/p00198357 ) and receipts (cash deposited into bank) of usually between 30 and 120 days depending on trading terms etc.
"The report also says that the cost will stabilize now that the vertical integration is complete. Having said that, I would like them to reduce the staff costs and be more streamlined. "
I absolutely disagree about the staff reductions unless we have too many admin staff. Good/great technical people and managers are too hard to find and it is foolish to reduce headcount in this area unless absolutely necessary for survival.
BLG Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
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