Ann: LIFX Displaces Osram in German DIY Stores, New POS Rollout, page-12

Great to get into more stores..but in all seriousness, having done the math, how are you happy that this is still losing money.

i cant correlate something that is eating at me. what happened to the large inventories quarter to quarter?..

the current assets fell from 15.3m to 9.1m and the share px has increased. What i am i missing here.

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Cash on hand at 30 June 2020 was A$2.5 million (down 11% on the month prior),
accounts receivable were
A$2.5 million and
inventories were A$4.1 million,

resulting in current assets of A$9.1 million at the end of the
month

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Cash on hand at 31 May 2020 was A$2.6M (up 17% on the month prior),
accounts receivable were A$3.2M and
inventories were A$9.5M due to a growth in work-in-process and vendor payables primarily due to the LIFX
White low-cost light product.