Well that's just plain wrong.
Revenue from SaaS is down 30%, but total revenue (excluding the R&D rebate which is required to be included in the other income line and is the result of actual money spent on R&D) is up 156%.
Also the net cash position is set out on page 4 of the report and clearly provides that it is $12.5m, being the cash at bank ($7.6m) plus the net loan book ($4.9m).
If you guys are going to downramp and fearmonger, at least use the correct figures.
Ann: Appendix 4E and Full Year Statutory Accounts, page-60
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