Except for the fact that they did not get the cash until January it would have been one of their best quarters.
Maybe they can exceed $600,000 in the March quarter if the December quarter product royalties are paid in time.
Excluding the R&D grants, revenue for the last three years appears to be less than $2m. A lot less than the $20m they needed for the performance rights.
Ann: Appendix 4C - quarterly, page-25
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