So the company booked $3m Ebitda in 1H. Should have been $17.3m loss in 1H due to cock up in licence revenue.
Their range is loss 17.3m to 18.3m for FY16. So 2H Ebitda is breakeven to $1m loss. Improvement on 1H.
Should still have 59-60m in cash pending trade payables/inventories movement. Imagine someone paying $60m market cap for $60m cash?
DYOR
Ann: Company Update-SRF.AX, page-97
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