Viewing the quarterly report from an historical perspective, I was certainly impressed with the result last week. In my mind it clearly demonstrates that this company is going through a significant transformation. The cash at the end of the quarter figures speak for themselves.
I have selected two years’ worth of data. The high level of cash as at 30 Sep 2012 was a result of the last capital raising. When you compare the September quarters, you start to get a better picture. From 30 September 2012 to 30 September 2013, the cash burn was $2,822,905, yes, you read that correctly. From 30 September 2013 to 30 September 2014, the company added $13,827 to its coffers. That’s what I call a turnaround. It’s gone from bleeding to death to going for a run in a very short period of time. Will the miracle continue? Hang on and we will find out.
Also note, the September 2014 quarter was the first quarter that cash levels increased in the two year period.
Did you note the comment that Zinclear xp sales are starting to build momentum. That can’t be a bad thing.
30 Sep 2012 $4,008,376
31 Dec 2012 $2,939,207
31 Mar 2013 $1,869,986
30 Jun 2013 $1,554,284
30 Sep 2013 $1,185,471
31 Dec 2013 $831,291
31 Mar 2014 $799,084
30 Jun 2014 $539,408
30 Sep 2014 $1,199,298
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