Margin and Inventories
It is quite normal to see a decline in gross margin since in the last quarter the majority of income came from ODIS witch costs are accounted for in R & D. We now have a gross margin of approximately 40%, which I think is excellent.
One can also observe cost of good of over 900k without moving inventories, suggesting a manufacturing outsourced.
The only negative aspect is the cancellation or delay of small contracts overseas
CF