Ah, yeah receipts were lower than I thought, bloody hell another...

Ah, yeah receipts were lower than I thought, bloody hell another point for Jaz, there's obviously a natural disconnect between orders received, cash receipt and cash outflow.

It's clear that the orders/receipts from the "major bedding customer" haven't flown through yet, which was called out in the half year report.
On that note though, I suspect the following extract directly relates to it, and it's a newly announced supply agreement! Not to be confused with the Pine belts and the ICL agreements recently announced.

Supply Agreement Signed with Multi-Billion-Dollar Bedding ManufacturerOn 28 March, Alexium entered into a Supply Agreement with a multi-billion-dollar North Americanmanufacturer of mattresses as the preferred supplier of phase-change-material products for textileapplications to their bedding products with the intent to form a strategic partnership.Under the Supply Agreement, Alexium will provide its Alexicool® products (a proprietary line of phasechange-material products) for application across the mattress manufacturer’s brands. The SupplyAgreement has a two-year term that may automatically renew for successive one-year terms. ThisSupply Agreement clearly illustrates Alexium’s alignment with a leader in the mattress industry toprovide mattresses with improved thermal regulation. 3Dr Bob Brookins said: “Our North American partner has grown and sustained its position in beddingmanufacturing and distribution by embracing innovation and technology. This agreement combinestheir bedding experience with our speciality expertise in phase-change-material chemistry and itsapplication to textiles. As demand for temperature management in bedding grows, it offers theexciting opportunity for us to bring Alexicool® cooling technology to a wider range of bedding productsand to explore and expand additional areas of technical collaboration with a strategic partner.”

With this reinforcement “We expect to achieve positive monthly EBITDA on an ongoing basis by the fourth quarter of thiscalendar year, and sustained profitable growth in the years ahead.”

Should be a great few years for AJX along with military and NF progress!