The use of k (1000) and m (million) looks like a way to disguise the small numbers involved.
Good results & great growth ?
Need to take the so called growth in context. Coming from turnover of a massive $300,000 (300k !)a VERY VERY VERY low base as comparison to almost $1200000 (1.2m) If you ignore the references to k and m, I think you should get a context of how small and immaterial the turnover is for a public company. My small business clients have a turnover greeater than this
Small deficit for quarter was helped by admin & corporate costs only $13000 for the quarter. (would tranlate to $52000 for the year !) This amount is meant to be cover director fees, audit fees, accounting, legal fees, admin etc etc etc. Lucky not $318,000 as per the previous quarter. Rent must all be in manufuring costs.
Unless sales and margins incease, hard to see the $7000 deficit this quarter not increasing in future quarters, and in turn the cash in bak to cover 50 quarters cover appears under threat. to say the least.
Revenue steady decline each quarter until last quarter. Last quarter of $1200000 v last year comparative Dec 2022 quarter $900000 is hardly any impressive growth.
Look forward to seeing the auditors report on their view of this company as a going concern.
(20min delay)