share price, page-169

LVT doesn't yet make a profit - it is currently losing a fair bit of dough each quarter/half/ year.

For the latest half yearly report (to 31/12/18), revenue was $7.4m - and the loss before tax was $18.7m (and the loss after tax was $22.8).

The last 3 x 4C quarterly reports show these "cash losses":

July - Sept 2018 $11.0m loss
Oct - Dec 2018 $9.6m loss
Jan - March 2019 $7.8m loss

However, revenues are really starting to crank up - at the same time as they are focusing more on their expenses. So the hope is that they reach the cash break even point without needing to do another capital raise.

From memory, they had approximately $21m in the bank at 31/3/2019.

Someone mentioned yesterday that one of the Directors was on record as saying that they did not believe another CR was required - as they believed they would hit cash flow break even before they ran out of funds?

Is someone please able to show where that was said? Thanks in advance!!