The CEO presentation in July http://blis.co.nz/userfiles/file/BLI...0July%2009.pdf said, "Have periods of positive cash flow - yet to break-even each month."
Many observations might be added to that. Firstly, Blis capitalises some development expenses (reasonably in my opinion, M18 for example is quite an asset), and positive cash flow suggests to me enough cash to pay for those capitalised expenses too - which would be a firm, declared profit, if so. Secondly, we do not know how positive or negative each period was, so the total effect could have been either positive or negative. Thirdly, we must assume Blis sales have still been growing since then as the manufacturers keep bringing out fresh product. Fourthly, Japan has come on line since then. Fifthly, Costco must be expected to generate reasonable cash. Sixthly, it would be pretty dispiriting to add up to an annual loss with all this on the boil. Seventhly, there's never been positive cash flow before, so let's be glad. And, eighthly, the July 31 press release said the company had received a "substantial sum" for research work.
But, yeah, it is the big question on the table - has all this activity added up to profit yet? Following very closely behind that question, though, would be wanting a market update.