Okay - so the quarterly is finally out and i've had a quick squiz over it. To me, this particular report was highly anticipated and extremely important in selling the true ADO story to those on the fence. ADO has had 3 products using the Mix&Go technology in the market for some time and I and some other posters had been validly questioning when we will start seeing some revenue, or at least increases in revenue given the substantial time that had elapsed. This is where i start to get excited, as it seems those fears have been allayed, with this quarterly seeming to deliver if not the goods, a positive sign of things to come.
Please note that the analysis begins from the Jun-2010 quarter, the quarter in which Bang's first product was put to market.
I have also stripped out the R&D Tax Concession Rebates to give a clearer idea of Mix&Go cash receipts.
ADO Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
