Ann: Financial year 2020 results presentation, page-5

The cash is golden - until you look at the current liabilities and lack of current inventory. They have $2M to pay soon out of their $6M cash, low inventories so that $4M remaining will go mostly into raw materials I assume. Looks like quite a bit of work to get this cash flow positive, couple quarters away.

Revenue growth story is very much there, the revenue growth multiples as compared to competitors is compelling. I think it has gone unnoticed due to the lack of love for the industry. Will need a closer look.