Just had a read, tbh, this looks positively tame comparing with the H1 2016 report.
1. P & L positive prior Goodwill Write Down;
2. Current Assets > Current Liabilities (though I have little faith in the $154.6 mil W.I.P. for obvious reasons);
3. Cashflow positive too.
Now if you read the H1 presentation, THAT was much, much worse. -$83.3 mil net operating cashflow in first half of the year is alarming to say the least; and I don't know what the management can do to the revenue part of the business, but I'd really like to know how they plan to cut the monstrous $594.1 Payments to Suppliers and Employees.
Anyway, I'd really appreciate further inputs from proper accountants such as
@walkingeagle
EDIT: grammar
