One thing that is striking in the quarterly is the list of functional enhancements under development. Almost certainly some of these are specific customer requirements, and if so the customers may not want to commit until the new features are available and tested.
Positive cashflow and profitability will come when they come. In the meantime they have enough cash to last for a couple of years at current burn, and if you have any doubts, just need to keep an eye on the home page:.
Ann: Appendix 4C - quarterly, page-31
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