Agreed. Revenue was down ~$500,000 compared to the previous quarter, but product manufacturing costs dropped ~$1.2m, meaning a $750,000 turnaround story.
Staff costs are down $500,000, which is good.
Has it recently done a share raising exercise of some sorts? That seemed to cost over $1m. Has repaid $592,000 worth of borrowings, which is a good thing.
Overall, is $2.25. in debt, but reducing quickly.
the next quarter may be interesting to give another, more truer extent of the numbers. That 19% QoQ rise might be needed. If it can this sort of trajectory, who knows what may happen to the SP.m
