This looks surprsingly good. They went from almost a standing start of practically no revenue to $1.4 million over 6 months.
This revenue is even better than the cash figures suggested, as I noticed they have large receivables at the end of the quarter. This suggests to me this was work likely invoiced at the end of the quarter, supporting the view they are in fact accelerating the growth in the business and it was picking up pace at the end of the quarter. We should see a big pickup in cash receipts this quarter.
Overall these numbers support the comments they are 'growing rapidly.' So overall I'm very happy with this.
FFC Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
