Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-4

The cash receipts from customers number was really impressive for the cyclical down season. The quarter prior to this report they had a large negative operating cash flow due to the build up of inventory for the upcoming seasonally busy half-year which heavily affects the H1 figure. They were almost breakeven this quarter. It's going to be really interesting to see if they can have a couple of consecutive positive operating cash flow quarters in the upcoming busy half-year. It would be huge if they finished operating cash flows close to breakeven on the full year given how aggressively they are spending cash to build out market presence in Asia and other regions.

So many of RLF's closest comps have struggled to actually turn a profit. RLF having such a rapid growth rate and at least plausibly demonstrating a path to operationally positive cash flows would be cause for excitement.