I thought it was a good report but negative cash flow and uncertainty regarding losing GE are probably swaying the sell-off.
IMHO, the new business model (without GE) will give higher margins and consequently increased profits. Hopefully Trophon is entrenched enough so that the business continues to grow as it did in this last half.
Cash outflow was casually explained as costs related to setting up US office. I would have liked to see much more info On the costings for this. If office set-up was greater than $3.4M they would have retained positive cash flow. And if as high as $10M, cash flow growth would actually have increased.
I assume the full cost will be reported as a one-off cost in the neural report.
