Ann: Q1 2019 cash receipts grows 25% versus Q4 2018, page-2

So is anyone else a bit flummoxed about the share price action compared to the actual result for the quarter? Or was the market expectations so low, that just scraping by with 30% growth on the prior corresponding period really is something to celebrate?

In a previous post I had said that:

So after whacking the numbers into the spreadsheet, what I have come up with assuming the same expenses as 2018 which were about $5.9m per quarter:

- if they averaged 40% growth on the pcp for all quarters for CY 2019 and 2020, they would be cash flow positive in the 2Q of CY 2020 with $3.16m to spare
- if they averaged 30% growth on the pcp for all quarters for CY 2019 and 2020, they would be cash flow positive in the 3Q of CY 2020 with very little room to spare (only by a couple of grand).

All this assumes no new cash, and no use of debt facilities.

Others who shared their figures had similar estimates (thanks @musky45 @white_man ).

So, do I believe management guidance that they can crack it through to breakeven with no new equity injections, or use of debt? By my numbers they have literally just scraped through with the bare minimum required for a very qualified 'yes, it's possible'. But is it likely? Well that's a different question...

Things are still very tight by my estimates.