Please double check these, I haven't reviewed the figures since having looked at the half-yearly report but from my last notes:
Am going to look more carefully at the numbers and add in the next quarterly data when its published. It was pointed out to me that the R&D rebate is significant, so the cash isn't all necessarily customer receipts.
After stripping that out (in previous periods as well) will be interesting to see how things are tracking. If nothing else, the cash at bank gives them plenty of headroom and they are in an attractive sector (scalable, spatial, safety, software) in my opinion. Happy to hold for now unless something dramatic and negative is announced.
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