Ann: Half Year Accounts, page-2

It's a pity they lodged this so late in the day - I guess a bit of work involved so can't blame them
1. turnover just north of $6m - assume $12m annualised (FY23 turnover was $11m)
2. review of operations says another $0.63m in turnover from the five new customers which will come on top of point 1 above as this was post December
3. five new customers already converted and numerous other opportunities on the verge - some of which occupy end user markets where orders are measured in the thousands of tonnes
4. their cashflows for the 6 months tell a story; operational cash burn down from $1.8m (last year) to $0.8m (this year), capital spend down from $2.5m (last year) down to $0.9m (this year) which I assume is because the plant has been commissioned and ready to go

Revenue up and most importantly cash burn down

The next few quarters are going to be interesting - can they get this baby back on track and into positive EBITDA, that would be a huge tick
What if during the same period they hit something big on their climate technology business (green concrete tech)
4 odd cents is a bargain