Ann: Substantial sales revenues growth in the current quarter, page-67

Apart from the sales growth, I think the most pleasing point about this announcement is the GP margin:

1H FY20 was 52%, so an improvement of 18% equates to an average GP margin of 70% for YTD CY20.

This is in-line with my expectations, and as newer B2B contracts come online and B2C continues to grow we could see GP margin at 75% due to 1) stronger negotiating power with 3rd party manufacturers 2) price increases in B2C and B2B 3) additional efficiencies.

I'm somewhat surprised that cash is still at NZ$2M, this is probably due to increases in ''good costs" namely preordering new raw materials, and increase in advertising costs and potentially additional costs from 24/7 fulfilment which should get more efficient over time.