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For the six months ended 31 December 2017, Martin Aircraft Company Ltd revenues decreased 50% to NZ$4K. Net loss increased from NZ$2.6M to NZ$5.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Research and development expense increase from NZ$40K to NZ$2.7M (expense), Fair value gain/ (loss) on derivative li decrease of 88% to NZ$256K (income).
Period Ending: | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 | Jun 30, 2016 |
---|---|---|---|---|
Total Revenue | 0 | 0.01 | 0.01 | 0.04 |
Gross Profit | ||||
Operating Income | -5.9 | -24.03 | -5.04 | -9.32 |
Net Income | -5.49 | -21.76 | -2.63 | 3 |
Period Ending: | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 | Jun 30, 2016 |
---|---|---|---|---|
Total Assets | 9.31 | 13.44 | 38.72 | 42.83 |
Total Liabilities | 4.09 | 2.86 | 6.18 | 7.78 |
Total Equity | 5.21 | 10.58 | 32.54 | 35.04 |
Period Ending: | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 | Jun 30, 2016 |
---|---|---|---|---|
Period Length: | 6 Months | 12 Months | 6 Months | 12 Months |
Cash From Operating Activities | -6.18 | -10.42 | -6.51 | -9.67 |
Cash From Investing Activities | -0.19 | 7.73 | 10.82 | -12.91 |
Cash From Financing Activities | 2.58 | 0 | 0 | 23.93 |
Net Change in Cash | -3.56 | -2.85 | 4.4 | 1.04 |
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