Although I agree this was not a great quarter and perhaps explains the recent fall in share price. The cash reciepts were really $1.5 M, just a delayed payment which has been received. Its also the December quarter which is usually not great for manufacturing as they lose time due to holidays.
They're also ramping up costs preparing for the new facility so no surprises on the cash burn.
This could easily be the normal ups and downs. We'd want to see a better quarter next time - but I think that will happen given the $2 M recent sale.
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Although I agree this was not a great quarter and perhaps...
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Open | High | Low | Value | Volume |
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5 | 127682 | 0.130 |
4 | 90000 | 0.125 |
3 | 50391 | 0.120 |
Price($) | Vol. | No. |
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0.150 | 170402 | 9 |
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0.165 | 197200 | 4 |
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