Ann: Appendix 4C quarterly cashflow report and business update, page-2

"Cash inflows from Q2 operating activities of $12.7 million were 9% up on Q1 inflows but $0.5m below expectationsprimarily due to lower than expected trading over the Christmas - New Year period."

You would expect Q2 to be higher than Q1 in a dental practice. All things considered this is neither good nor bad news. 

The company missed its targets again otherwise, which is slightly bad news but apparently the market was expecting worse!