I saw nothing to suggest this. Looks like it was significant so should have been announced IMO.
I'm more concerned with they amount they are spending. 780K in receipts from customers over the last 6 months, yet 2.2M in manufacturing costs? It was down somewhat this quarter (1M vs 1.2), maybe because of the supply and process issues. But still way behind revenue.
Many years ago they said that they planned to reach break-even point when they sold 250 batteries a year. With 120 due in "the coming months" they should be there already. Why are costs so high? Not to mention 2.5M in R&D costs as well. Now Gen3 is here it would be good to hear more detail about the plan to bring manufacturing costs down. And surely R&D can be reduced as well.
Ann: Redflow Quarterly Update and Appendix 4C, page-5
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