The Q2 numbers came in largely as expected. Re Q3 and Q4, I think the following provides grounds for optimism:
"This inventory build-up represents a material revenue tailwind (about US$1.5m when fully sold), at little to no additional incremental production cost over the course of FY19."
Accounts receivable at June 30 from June shipments alone being US$142k.
"Furthermore, as at the end of June, there remained a significant backlog of around US$450k of open purchase orders."
"CFO projects increased product sales and shipments as the Company is now able to meet both the pent-up customer demand at June quarter end and the growing demand that is anticipated from existing and new customers over the next few months."
CFO Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
(20min delay)