good luck SH, i missed the boat. this is phenomenal result.
During Q3 FY21, a number of a major achievements were achieved:
• Award of material private label tenders by Coles Supermarkets and Foodstuffs New Zealand to Keytone, totaling approximately $12.0m in sales revenue over the initial terms of the contracts and further signifying that Keytone is not reliant on any one client, product, distribution channel or country to derive its sales, rather having a fully diversified and robust client base;
• Keytone’s proprietary branded products, Tonik Plant and Tonik Pro, ranged nationally in Coles Supermarkets and Coles Local stores from mid-November 2020;
• Sales of the proprietary branded products increased 36% over the prior quarter
• Significantly increased forecasts provided by a number of international clients for the calendar year 2021. Forward purchase orders tracking ahead of supplied client forecasts through the first quarter of calendar year 2021; and
• A further and material reduction of 88% realised in net cash outflow from operating activities to a negligible $90,000 in the quarter, highlighting the strong financial trajectory of the Company.