Basic Highlights:
Pros:
- Gross margin is pretty decent at around 55%. Obviously extremely low base so I would expect that to improve with scale.
- Costs have been decreased - 3m down to 2m
Cons:
- Revenue is laughable.
- Cash is insufficient to fund another full year (615k cash) so expect further dilution
We are clutching at straws a bit here.
Ann: Appendix 4D & Half-Year Financial Statements, page-2
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