Because of their business model they will have deferred revenue again next year.
For example:
The Gross margin was 33% in the first half, for the full year it is 25% (if you remove the R&D grants). Therefore for the second half it is close to 20%. In my opinion, if they want to become profitable they will need to increase the gross margin.
News: BIG Big Un says FY revenue from ordinary activities $14 million, page-16
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