They still can’t sell a product for more than it costs to make.
When normalised customer receipts were just over $9M, which is about the same as it has been for the last 7 quarters.
So in reality customer receipts are not really moving.
The only difference is they have managed so reduce the quarterly burn from around $22M down to $14M per quarter by laying off their sales force.
They are on target to achieve $38M revenue for FY24 which is about $1M more than FY23.
On a lighter note, I see we now have Section 8 being completed… isn’t a section 8 used for someone who has been judged mentally unfit for service?
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-5
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