Revenues were $1.5m, down from $1.9m a year earlier, mainly as several projects under development for the US Navy neared completion.
Net loss for the six months ending 31 October was $8.9m versus $11.8m a year earlier, costs for product development, sales and administration declined. Foreign exchange losses also declined year-on-year. Revenue in the period was $3.4m, a slight increase from $3.2m.
The
