At least the capital raising will sort out the weakness in the balance sheet.
I suspect that sales growth is a looming issue however. In the 31 Dec 2020 half year report, it was stated that the opportunity pipeline was $190m over the next 5 years with $24m in the next 6 months. 6 months later the opptunity pipeline is down to $65 million without a single announcement which was material enough to release to the ASX. That is quite a loss rate in just 6 months.
New material customers seem to be few and far between. If you go back through the announcements, the last material customer that was new was back in 2018.
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