H1 revenue up 4% to $14.1m

Full-year revenue guidance of $30m-$34m (7-21% growth)

Management seems bullish going forward with the growth of the business

At Half end, the cash balance declined by $3.5m to $1.78m- noting $4.8m in net receivables, assuming costs stay flat, a gross profit margin of 64% and with H2 revenue guidance of $16-$20m, H2 profit should be in the range of -$0.7m to $1.88m. I got on the call and the CEO and CFO believe they have enough cash, I tried to ask 2 questions on the likelihood of a capital raise in the coming 12 months and if so would they raise via debt or equity, and the investor relations person ignored both. Considering the lumpy nature of revenue one bad half/ quarter could result in some dilution.