CEO stated that the $6m target is a 'stretch' target, which wasn't how it was worded in the ASX announcements.
Appreciate you have to set internal goals that aren't easy, but no need to share them with the market, I am not a fan of that approach personally as you can disappoint the market easily, I would prefer they underpromised and overdelivered.
Also confirmed that they won't be cashflow positive in next 12 months, timeline for this is likely 18 - 24 months and like most companies I am sure it will take longer than expected.
So the cash balance at the half-yearly becomes crucial, as they will definitely need to raise funds at some point.
See the *** podcast if you want to listen.
EVS Price at posting:
9.5¢ Sentiment: None Disclosure: Not Held
