The revenue increase was 500% and the eps was less bc they have more than double the shares as same period a year ago. If they don't get cash quickly nothing in the press release matters. Cash flow break even by June not looking real good.
I do commend them for not being stupid and putting this out at 11:00 at night. Their cash position is very bad. I assume by the last paragraph they just about have the funding lined up, but hopefully we don't have another bridge loan to bridge the gap. They need to get funding ASAP.
Appreciate ZBB Management telling us like it is--much-improved sales, but not ramping as quickly as hoped. Eric had planned for ZBB to be cash-flow positive by EOFY 13...probably not going to happen. Improving sales that should lead to repeat/expanded orders in a next-generation market...good management...but difficult to build an international market from scratch. I remain optimistic they will succeed. Disclosure: Long 25+K shares @ $1+ for the past 24 months.