The underlying reason for the increased loss was due to the approx $4m spent on integration and capacity to be rolled out into international markets (see increase in development costs). That's half the total loss of $8m for the year.
Now I don't know if that development is completed or not but if it is then our cost base will scale back.
25% increase in sales isn't too shabby. If we can manage the same again then that's an additional $2m in revenue and with a profit margin of 88% there is very little additional cost of sales.
Concerning is that there is $4m in the bank and $4m in expected outlays this quarter. There will be $2m in revenues to come in of course.
Does anyone know if there is a R&D rebate due?
The company will need cash from somewhere soon. Another raise perhaps?
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