Because of their business model they will have deferred revenue again next year.
For example:
The Gross margin was 33% in the first half, for the full year it is 25% (if you remove the R&D grants). Therefore for the second half it is close to 20%. In my opinion, if they want to become profitable they will need to increase the gross margin.
BIG Price at posting:
$1.34 Sentiment: None Disclosure: Not Held