They've delivered on revenue and net cash guidance, although Q4 revenue was flat compared to Q3.
Costs in Q4 were $3.5m. Interestingly, forecast costs for Q1 18 are $5.9m. Hopefully, that's an indication of an upcoming step change in revenue. It's mainly staff costs, which is a slight concern, but there are also development and production cost increases.
I would imagine that a capital raising will be coming soon.
ADR Price at posting:
10.0¢ Sentiment: Buy Disclosure: Not Held
