OK ... not a bad result but not a great result either.1. As...

OK ... not a bad result but not a great result either.

1. As predicted, actual sales of 12,000 still well short of forecasted sales of 14,000
2. As not predicted, cashflow +ve was very small but still better than another loss. If R&D Govt Grants not included then loss would have resulted.
3. As predicted GFC blamed for poor sales. Experienced slower sales growth in last 6 month and they expected a similar result for the next quarter which is a bit of a worry. Why would they expect continued weak sales growth if the company is in a expansionary growth phase??
4. Net profit for year will still be a loss despite break even forecast.
5. Will be interesting to see where the SP holds after the initial excitement subsides.

Having said that ... a milestone is a milestone ... and they have finally at least reached one!