@Lewisthe headlines were all good and the only real negative for me was that they were cashflow negative for the quarter. It looks like this is mainly from increased receivables but these have been going up now for the last two quarters, need to keep an eye on this to ensure that this does actually turn into cash. They also have to repay the $600k short term debt they drew down in December, so the next quarter might not produce as much cash either.

They also doubled there staff costs this quarter runnings at $1m/quarter now, presumably related to the increased sales and production of the Brakeiq product, but no real commentary about this.

Also good to see them highlight Canada is their main export market and that they will avoid most of the first order trade tariffs effects.