Interesting quarterly. They have expenditure but not showing revenue, possibly because new 2 year contract has started in January and hasn't been realised in this quarter. Otherwise I would have expected a similar quarter to last, where there was a net cash flow positive or roughly break even.
Next quarter will tell the picture, but I suspect it's just timing of payments for work completed.
Can't wait to see revenue coming in from the new 10 year deal. I suspect with 3-6 months, i.e. the next 2 quarterlies to get a fair grasp on the real turnaround of this company and its upward trajectory.
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