If you are reading the quarterly note cash for Telstra deal in...

If you are reading the quarterly note cash for Telstra deal in financing activities instead of operations.
Cash up front for the order seems like a pretty good deal for TEE. Net result is of course the same and actual sales from ordinary activities would equate to around $5m give or take any other accruals.
Actual profit $2m for the quarter including StratoSounde disposal.
The other $2m for the Telstra deal in next quarter, will produce another actual profitable quarter, plus outsourcing of maintenance contracts should see a metrial reduction in costs.
As long as Beam continues to get good a good size deal every quarter or so TEE will be well positions, with financing support from Gesaf to move foward and offer share price appreciation.

Look forward to the next few quarters and expect (finally) to get some good returns.

Any connection with the resignation of Ian May???

An extraordinary meeting should be coming up soon - new directors - approval of the Gesaf issue - the sooner the better