Firstly if we go by numbers, comparing December to March...

Firstly if we go by numbers, comparing December to March Quarter:
- Cash Receipts from customers increased from 558k to 9.96M. This is an increase of 9.37M or 1594%.
- POSITIVE net cashflow!! Net cashflows increased from -556k to 3.077M. This is an increase of 3.63M
- Cash and Cash equivalence increased from 2.7M to 5.66M. This is an increase of 2.95M or 109%.

In the interview between CEO Paul Hyslop and Alan Kohler, Paul stated "The company has been able to materially increase its gross sales margin by over 18% compared to the half yearly"
- 1HFY2020 Revenue was 1.72M and COGS was 822k. Therefore, Gross margin is (1.72M-822k)/1.72M = 52.1%
- An 18% increase would make the Gross Margin = 52.1%*1.18 = 62.5%
- If we go by the $15.7M revenue, then the Gross Margin = (15.7M - 5.92M)/15M = 62.3%.
- Therefore, CEO words match up here

If we look at the Gross Sales Margin based on the Cash sales
- (9.96M - 5.92M)/9.96M = 40.5%

So number wise what more can i say, ZNO has substantially increased its Revenue, Cashflows, Gross Margin and Cash in bank during a world Pandemic. This is really positive signs to me and highlights the growth and strength of the company.

Really good to see that its UK sales are turning a profit (stated in 17/3 announcement) and saw 3.5M revenue for the quarter. KEY WORDS mentioned - " significant business in the pipeline with airlines, airports, transport and commercial cleaning companies". As we know, London Underground are using Zoono and in Europe, Portugal Metro and Airport are using Zoono, so this may be referring to those plus more. The evidence we have found online is matching the words mentioned here which is great to finally see.

"Work is continuing on a number of further significant potential transactions for the distribution and/or supply of the Company's products"- Confirming to me that we should expect some more distribution agreements and that the B2B sector is really growing.

Overall, the quartely has made me more confident on the company, numbers look fantastic and we can expect strong growth in the next quarter.