Have to point out a few things:
1. Decrease in Revenue
2. Decrease in COS
3. Delivered a nice increase in GP from 10% to 62%
4. Increase in employment expenses by $290k. Why ?
5. Marketing expenses dropped by $359k. Odd given how they damn well need exposure
6. Other expenses up $250k What are these?
7 Operating loss improved $252k
SImply put they decreased revenue by $180k imporoved margin which is great, however blew costs out thatt might have otherwise delivered an even better bottom line, althoughh a better result bottom line half year on half year
Need to make at least $5m to $7m p.a GP to cover this addicted to cap raise firm. Thats not withstandign the fact operating expenses may also increase, so that probably is too low.
Outcome is more capital raises folks !
Just cant pull the trigger on this one at the moment
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