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For example, in January 2006 we will deliver 10 systems to ABB; eight systems per month being the cash flow break-even point. These orders are for software runtime licenses only with no further performance items remaining for Braintech. This is the business model that Braintech has been striving for: high profit margin Independent Software Vendor.
``Our current cash and other liquid resources are sufficient to take us well into 2006 and we expect that future funds from operations will bring us to cash flow positive toward the latter half of 2006.``
The new management at ABB makes me a little nervous, politics, egos and all associated with new guns - but hope OJ can make it work. Have to believe it will be our year sooner or later and this one`s as good as any.
Nice news!
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Rick Weidinger Addresses the Investment Community
