Ann: Bubs Q1 FY25 Quarterly Activity and Cashflow Statement, page-8

I have carefully reviewed the quarterly report and found that, based on profit margins and sales revenue, achieving positive cash flow in 2025 remains feasible. It is unnecessary to reiterate these projections in the report. The decline in U.S. sales is due to packaging changes, while the slower growth in China is attributed to the time required for consumer acceptance following retail stock placements. In Australia, the decline is market-wide and not limited to Bubs. Therefore, at the current stock price, Bubs remains a worthwhile investment.