SMN structural monitoring systems plc

Ann: Appendix 4D & Half Year Report, page-6

  1. 2,560 Posts.
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    Im not sure I understand most of this but some of what they are doing makes sense to me. I'm not an accountant so happy to be corrected.

    1. Wages and salaries includes redundancy. Short term pain.
    2. Admin may also include the preparation of redundancy
    3. research is what I am paying them for to get the sensor over the line and develop products that are higher margin
    4. revenue decrease reflects company rhetoric of dropping low margin products

    Given this is a backwards looking report, I'm ok with them not including updates on investment opportunities and the military project, although I would like to know in a subsequent announcement.

    I don't understand what you are taking about below that so I will leave it for someone else more informed.
    It is annoying that there is so much silence again. Surely cal fire radios are signed, but these are not related to the half year report
 
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