Unpacking the Gap
NAURA Technology: Revenue +25%, Operating Cash Flow Turns Positive, But Net Profit Only +5% – Where Did the Money Go?
NAURA 1H26: revenue +25%, operating CF turns positive, but net profit only +5%. The gap isn't weak demand – it's R&D expensing, qualification costs, sales buildout & option amortisation. Unpacking the four prepaid costs. (176 letters)
