Ann: UBI Update, page-3

Yes, and this is before Xprecia Prime has entered the US market.

Just for reference the retail list price for a Xprecia Prime handset in India is Rupees 65,000 (A$ 1,150) and a Pack of 100 Strips is Rupees 22,500 (A$ 4 per strip). If we use the order earlier this year in Italy as a usage benchmark that was for 100 units and 130,000 strips over 24 months (65,000 per year). At a similar usage rate the India sales from this order would result in 330,000 strip sales per year. That is a retail value of A$ 1,320,000 in strip sales from this order alone.

At the moment the market does not want to give UBI the benefit of any doubt. It would appear we need to do @ A$ 1.4 million per month to hit breakeven and to my mind, it is easy to see how this is achievable with current cash resources.

Where I think the market has this name completely wrong is in its understanding of the J curve effect of incremental sales and our high margin products, once that profitability inflection point is hit.

Plenty of sales growth available in all our platforms, new tests under development, new platforms underdevelopment.

As you rightly say "loving it"