Ann: 30 June 2017 Appendix 4E - Preliminary Final Report, page-2

Some interesting commentary in these financials.

They are pursuing additional funding from USA based financiers so as not to dilute shareholder value, and are currently in advanced stages of discussion.

At the current rate, they "may" make over $6m in revenue in the 2017/18 FY.

They state on page 3 and 4 of the preliminary that further drawdowns will need to be conducted or alternative working capital needs to be found otherwise there "may" be a deficiency in working capital, so hopefully the new USA financiers will come to the party. If successful, the terms of the loans will be interesting to dissect.

Not sure why a couple of items were heavily bolded in the commentary.
One, that they have good relations with Amazon.
Two, June's revenue was $550.
These bold typefaces may be meant to reassure any investors who have concerns over the companies revenues, or they may have been bolded for some other reason. It would be interesting to know.

There are always teething problems with initial production runs, and delays, but they did the right thing by taking the extra time, finding the right production partner, and thereby ensuring an excellent and awarded product was the result.

There were a lot of one off expenses in the finances, by my reckoning they amounted to somewhere between $4 and $5 million, so we will need to subtract that from the annual loss when estimating the next year, which means it will be a good achievement to break even in 12 months time and not record any loss for the next year, and from there they can continue to build.

They are doing the right things with their marketing.

But for now, they need the new financing, and then it's all up to sales.. sales.. sales..

Let's see tomorrow and in the coming days how the market responds to this annual financial report.

Gw