Oh dear... If you took the time to read the report (and previous...

Oh dear...

If you took the time to read the report (and previous announcements) you would note that there has been numerous appointments of executives to the team, which partially explains the increase in employee costs.

As others have mentioned, this is a start up business, so you can't expect it to be cash flow positive yet, particularly given the capital that is being spent developing Mobilise.

I also think it's important to look at the cash flow statement, in particular cash flows from operations

	Column 1	Column 2	Column 3	Column 4
0		FY17	FY16	Increase/ (decrease)
1	Receipts from customers	2,461,388	1,579,325	35.8%
2	Payments to employees & suppliers	(4,161,691)	(3,364,743)	19.1%
3	Ratio of receipts to payments	59%	47%
4	Interest received	2,406	6,306	(162.1%)
5	Finance costs	(25,302)	(36,777)	(45.4%)
6	R&D tax incentive	183,178	192,934	(5.3%)
7	Net cash from operating activities	(1,540,019)	(1,622,953)	(5.4%)

What's important is that despite the large investment in additional personal who are working on non income generating projects (i.e. Mobilise), cash flows from operations have increased.

Another positive note is that the ratio of customer receipts to payments to employees/suppliers has increased from 47% to 59%.

With the upgrade to drivemycar, the mobilise launch and the launch of another potential peer to peer platform, there is huge upside for the rest of the year. In addition, the core business, being drivemycar continues to grow and sales are increasing month to month.

All IMO, DYOR