Exactly, only a pessimist would assume just 1 billion! But in all seriousness I think he was talking about the TAM and it would have been nice if a follow up question had been made about what's actually in the pipeline.
In the quarterly it's mentioned that "the company expects initial revenue flows to commence during the middle of calendar 2024 from opportunities in these regions” and we're getting pretty close to the middle of the year...
There were a few other near term opportunities (with an indicated time frame) mentioned in the latest quarterly that are worth highlighting:
- Material funding application for a federally funded digital twin program as the program lead with a consortium of North-East US electric utilities and academic institutions…An award decision is expected during Q4 FY24. - Material global prospect to build digital twins for the certification and management of their facilities…The Company expects to be awarded a contract during Q4 FYF24. - The Amazon distribution centre digital twin program recommencement projected for Q4 FY24. - Additional material program awards from FPL expected during calendar 2024.
In the RAAS interview he also mentioned that they had a 10x improvement in ROI from the Geoweek trade show compared to last year, and that the Emesent partnership sales pipeline is now material.
My read is that they will probably raise capital soon, but believe they will be able to announce 1 or 2 material contracts before they do. If they raise capital before any new contract announcements it'd be a sign that those contract awards slated for Q4 aren't happening.
3DP Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
