Ann: ICQ quarterly net operating cash outflow reaches 5 year low, page-7

There is something i'm not understanding....

Below is my spreadsheet - it's purely cashflow (which is clearly different to EBITDA.... but shouldn't be by much in this case because there is no debt and nothing much to amortise (~$2.5M in the Dec 31st 2018 Annual Report). EBITDA should be within cooee of operating cashflow except for the timing of receipts). The growth that is required for the next 6 months in order to reach CF+ is massive - like unrealistically massive. There is no precedent for a bigger Q3 & Q4 - the seasonality is pretty reliable over the last few years. How is it we're going to be EBITDA+ in CY19? I'm just not seeing it. What am i missing?

Even after a season 30% jump in receipts to kick start CY 2020, i'm still seeing outflows of ~$1M.
I'd appreciate others thoughts on the matter. I just can't reconcile the numbers and the rhetoric.