RE:Actually not that bad given revenue figure Indeed not bad at all! Find them very good.
The Company reported consolidated revenues for the year of $14.9 million, compared to $5.9 million in the prior year. The 2016 consolidated net loss from continuing operations of $1.8 million was a reduction of $3.2 million from the prior period year net loss of $5.0 million.
Cash flows from operating activities for the year, prior to changes in non-cash working capital, increased to positive $1.2 million from negative $1.7 million in the prior year, which was an improvement of $2.9 million.
For 2017, EnWave will vigorously pursue its strategy of further commercializing its REV™ technology platform through sales of additional REV™ machinery and adding new licensees to the Company's royalty-bearing licensing portfolio. EnWave's strategy is to increase the global royalty-bearing dehydration capacity of its partners by selling additional commercial REV™ machines, and adding new partner companies to its licensing portfolio