Growth, page-171

If you take the facts that Patrick has stated overlayed with information released to the market you can get a general idea of minimum revenue figures.

Point 1 - Patrick stated (and pretty much categorically pointed out they would be cash flow positive this year), meaning quarterly revenues will be a minimum of $650k - as costs will not reduce as the business scales and we take on more employees / incur more costs.

Point 2 - Although not completely convinced, in the podcast it was suggested Intiger may be profitable by year end. On a cash basis for the year, per the 4Cs we have approximately $1.8m after three quarters, assuming we incur another $200k losses this quarter, we will have $2m losses at 30 June.

In order to be profitable, you first need to soak the above losses. Assuming expenses of $750k a quarter Intiger would need revenues of approximately $3.5m in the last 2 quarters of the calendar year. If this is achieved I will be surprised. I expect revenues this quarter to be in the range of $350k-$600k. Any less than $350k in cash receipts I will be disappointed.

In conclusion, I believe the tune of the latest Podcast with Patrick was much more up beat and it sounds like the wheels are finally in motion and I expect an appreciating share price leading into the quarterly.