My read is:
Bad news - expenses higher than expected, although large parts are R&D (will get some credits, and setting us up for future), and S&G
Great news - with upgrades we now have 2 rev streams - sell to new business and now also existing customers also. So i can see revenues continue to grow along with improvements in margins (product/ consumables/etc) as move to a direct sales model with some pass thru rev to GE.
Unfortunately there will be downward pressure on the SP until we start releasing revenue for our AuditPro and/or Coris products. As we only release financial info 2 x per year, this means lots of potential for pressure until the next announcement.
Keep the faith and we'll get there.
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Ann: 2022 Half Year Financial Results, page-12
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