Hi Dr et al,
Wots wit da negities? Maybe I should get Jackson to put your smile on full dial.
Numbers may be a bit small but its all about momentum. Original Strategy was to reach a B/E rate in 2-2.5 yrs. We're still on track (IMHO) to make about A$3m quarterly sales in the US by then.
May even exceed it.
Three bits of good news for me is that
1) cash drain is leveling off fast so balance sheet looking OK therefore risk is substantially reduced,
2)Omni earth and Tom Tom customers, and
3) Leads ahead of budget and increasing conversion = accelerating sales momentum.
Tis a really good day.
Cheers,
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Ann: Q1 FY17 trading update - US Operations build momentum-NEA.AX, page-78
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