Ann: 1Q FY2023 Business Update, page-23

New market cap is close to $8m today. Interesting to see the Board's strategic plan from here but clearly taking $2m expenses out quickly is a positive move with revenue continuing to grow strongly. I am surprised no one picked up on the one-off infill order in Q1 FY22 that distorted the FY23 Q1 announcement. No mention of further ongoing impact on revenue as a consequence of this fact in today's announcement. Perhaps there are more on HC that want SPA to fail than those doing the due diligence on real customer numbers and fast growing recurring revenue. The relatively small debt negotiation is unlikely to impact on revenue plans with $4m in recurring revenue each quarter. What else is the market missing on SPA now MF has been removed?