The net result of our forecasts are revenues of $971k in FY11 growing to $2.9mm in FY12 and $5.3mm in FY13. Operating income is expected to improve from ($4.6M) in FY11 to ($2.2M) in FY12, and to ($0.5mm) in FY13. Our model forecasts operating cash flows of ($2.8M) in FY11, ($1.8M) in FY12 and ($0.3mm) in FY13. This progression represents significant growth in revenues and improvement in cash flows that will figure highly in valuation assumptions, and will potentially lead to profitability in 2014
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