morning traders 14 / 12, page-108

CIO

∙ CIO revenue for 2017 calendar year has grown by approximately 340% on the 2016 calendar year to approximately $2.25m;
∙ Recurring customers now total over 73% of CIO’s business with noticeable increases in purchase order size that are anticipated to increase further in 2018; ∙
Revenue pipeline for 2018 already exceeding $3.3m from Purchase Orders as announced in 2017;
∙ CIO anticipates achieving break even by Q3 2018;
∙ The Company is in a strong cash position having recently completed a placement to raise approximately $3m with manufacturing debt funding negotiations continuing;
∙ CIO completed its submissions in opposition to an application to have the Minister’s decision to award the Missions and Cables gold asset reviewed. The Supreme Court of WA decision is anticipated in Q1 2018.