Ann: Appendix 4C - quarterly, page-11

Revenue may have risen in recent years, but so have costs.

They are only at breakeven in the first 3 quarters on operating cash. Last quarter who knows (see above)?

They made losses in 2017-18 and 2018-19. Despite the rising revenue it is probably break even at best this year.

That is why I sold and why the market cap is $3 million. They need more size to be profitable given the low margin, but have been unable to deliver.

No contracts yet in eastern States which could provide scale, but are just a cost at present.