The drop in revenue is mitigated by DWS's management, "with...

The drop in revenue is mitigated by DWS's management, "with corresponding decrease in contractor costs minimising impact on EBITDA." That's sound management showing flexibility.

Consultant utilization is Up, albeit at a "rounding error" amount, 84% to 84.1%, still UP.

A 75% POR, and a $9MM debt payment sing the praises of Cash is King. After the debt payment there's $10.9MM in the kitty.

Better EBITDA, and gross margins is the right direction, although I've yet to see a number on profit margins.

The SMX t/o bid cost $749,000, full stop; an example of not throwing good money after bad, ie. a prudent BoD. As a result debt will further go down, "Further reductions planned in the absence of M&A activity."

Boo IT&C, boo.

OV