Not a bad quarterly.
Income higher and cost lower compared to last quarter. Product enhancements of $510k put the quarter into a negative cash flow, otherwise it was positive.
Some of the contract won over the last year will have a full year of ongoing payments so we should see this part continue to grow.
Over the full year they remain under the $20m threshold which means they are still eligible for the R&D refund.
While the topline revenue hasn't grown, the bottom has improved as costs and pass through revenue has reduced as the new product is cheaper to run.
They also seem to think that they are starting to get some traction in the Aged Care market which will be sticky revenue.
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