Here we go again, Bob.
No profits, just another loss of $8.4m
Accumulated losses now $120m
Cashflow from operations, a fundamental metric, -$6.5m
Of total assets, half is "goodwill"
No sign of action from Qatar, Bahrain, Pakistan, India, Malaysia, Greece, Japan, except for more IOT labs and demonstration labs.
Number of shares issued 3.27 billion. Yes, that's with a "b"
Another $20.5m dilution coming up, approx 115 million shares
and Tsiolis' salary goes up from $300k to $590k. A pretty good reward for another year of failure to turn a profit.
Another gold coin in the jar.
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