I thought the Announcement was written very poorly,:-
This is how I read it:-
Nov 15 to Dec15
Rental Transaction Value 57% Increase
Gross Profit 94% Increase
Dec 14 to Dec15
Rental Transaction Value 56% Increase
Gross Profit 152% Increase
Basically squeezing more $$ out of the business, with greater benefits from economies of scale.
Receipts from customers $398,000
Payments to run business (a,b,c) $407,000 Reduced 19% from previous Quarter
The unknown is the Other working capital $399,000 this is the biggest driver to determine a future capital raising, ($95,000 was claimed to be a one-off so that leaves about $300,000 needed this coming quarter), with $851,000 in the bank and $190,000 in R+D credit plus $50,000 still to come from Domenic.
We would have about $1,100,000
The core business is basically cash flow neutral (not including Other working capital) unknowns...... I believe CL8 are financially secure enough to not require a CR in the next 6months at least.
However as a priority we need to increase Receipts to greater than 10% a quarter
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- Ann: Appendix 4C - December 2015 Quarterly Report
Ann: Appendix 4C - December 2015 Quarterly Report, page-54
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