Solid result for a year of big investment. Strong balance sheet....

Solid result for a year of big investment. Strong balance sheet. Strong cash-flow.

Ready to take on the world.

To back that up:
Revenue moving from lower profit margin to higher profit margin products.
If you strip out the increase in wages and the increased depreciation on the new R&D facility then profit would have been about $4m so underlying business is solid in it's own right.
$28m of new revenue due to arrive in June - August plus new wins and agreements after that.

Future looks bright for a company that exhibits low execution risk in a high risk but growing industry.