Ann: Half Yearly Report and Accounts, page-3

Headline results initially disappointing but further digging required to analyse this. I say this because in the 4C Aquabotix clarify they:

• recognise its revenue when it ships its products to its customers. Many of the Company’s customers, particularly its governmental customers, pay for its products following shipment, typically on a net 60 to 90-day basis

• Given this 60 to 90-day lag in cash receipts following shipments and the recognition of accounting revenues, the Company expects to receive the cash receipts corresponding to this Q2 2017 revenue during Q3 2017, as well as most of the revenue recognised or to be recognized early in Q3 2017