$9.6 mill in net assets @ 30 June 2014 - largely represented by the intangible assets held by the company.
@ 30 June 2014 there was $1.2 mill in the bank and $3.1 mill owed to the company (of which $2.4 mill is true revenue collection from customers and the balance some more R & D money owing + sundry items).
Comparatively only $161k was owed to creditors (short term) -
Borrowing of $2.6 mill @ 30 June 2014 (increased from 1.8 mill in 2013) - however this is a cash flow positive stock and the P&L reads well.
Sales revenue down by around $500k from 2013 - 2014 financial years, although a nice R & D rebate of over$1 mill helped to offset that in 2014.
The additional $4 mill revenue is a real win.
Nice find fib.
EVS Price at posting:
11.0¢ Sentiment: Buy Disclosure: Not Held
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