My take on this: And remembering this is prior to the CLAWS...

My take on this: And remembering this is prior to the CLAWS announcement.

Revenues : remained about constant at $370k, however R+D grant jumped from $4m to $7.3m ( when it arrives)

Costings:
(1) R+D : dropped from $2.193m to $1.12m : the previous 3 quarters where all over $2m as the Fremont Fab was fitted.
(2) Staff Costs : jumped from $1.68m to $2m : New full time CFO employed and other Staff to deal with expected uplift in work load and orders.
(3) Admin: Runs between $300k and $400k.
Bridging loan of $1.5m and $250k over draft from CBA. Not ideal but we all know how slow the ATO can be.

Overall, the burn was about $600k less than previous quarter. NOT INCLUDING the government grant of $7.3m.
That kicks the can down the road another 6 months. Now we wait and see how much the allocation is from the CLAWS group.
I am expecting around $3m USD. Thats should be worth approx another 6 months and by then the R+D should roll around again.

Having said that, at some stage we need/(will see) a material uplift in orders and revenues.