LVT definitely seems to be growing revenues nicely, and it is...

LVT definitely seems to be growing revenues nicely, and it is very cheap at today's prices if they hit their $100m revenue target in a couple of years time.

However, the lots of millions / billion $ question today is still "how much" have they improved the following areas that were listed in LVT's presentation today:

Improving net operating cash flow ✓
Strong growth in customer cash receipts achieved in the June 2019 quarter 1 ✓
Consistent improvement in net operating cash flow ✓
Further improvement in net operating cash flow achieved in June 2019 quarter

In the upcoming 4C, I would really like their nett operating cash outflows to be no more than $6.2m (down from -$11m, -$9.6m, and -$7.8m in the last 3 x quarters).

And for this figure to be excluding the $1.4m grant that they have mentioned a few times.

IMO, this would really set them up for getting close to cash flow positive within the next 9 to 12 months - and it would also importantly mean that a further capital raise would not be required (unless required for an acquisition).