$11m cash in the bank = 2.5 years cash burn at current rates
Recurring revenue up 53% to $10.9m per year
Gross margins up to 84% from 81% last year
On track to hit $12.9m recurring revenue by end of CY2017
Only negative is customer retention which slipped to 88% from 92% but expected to improve.
Ann: Preliminary Final Report Appendix 4E, page-2
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