I disagree but you are entitled to your opinion
like all early stage software development there is huge cash burn, but they are building nicely creating good ARR.
They have also been affected for the last 2 years by the chip shortage impacting encryptor delivery but they have a big pipeline built up.
as with TNT they may not be successful but there is potential.
Anyway probably not the right place for discussion on it
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-83
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