Doing the numbers, page-31

Best not to use the term cashflow @Goomps.

Our receipts improved. But the "money in / money out" position worsened considerably. In the way I measure it (based on the actual 4C data) we went from being $1.9m short to $2.9m short.

But the reasons for that, as @Jack1960 has posted, can be good reasons or bad reasons. Your example, money invested into R & D for Lives etc, is an example of a good reason. Its Nuheara spending the necessary dollars to grow!

All good.