Only 268K in revenue and there was a one off sale there, which would have boosted sales. I am guessing revenue would have been around $150K if you take out this single outright sale. So it was not a great quarterly unfortunately. Not sure why they would want to sell a unit outright when they have decided to go for a WAAS model.
Staff costs have increased significantly also. Lets hope they can bolster sales dramatically, as I am guessing they will need to sell around 40 units to break even. Staff have agreed to a cut in wages temporarily I am guessing so wages could potentially increase from here. Investors can expect a capital raising in the next 12 months. I will be keeping an eye on it as I think it has potential, but I won't be buying at these levels taking into account its lofty market cap.
KTG Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held
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