A grant for approx. AUD $400k won't last long considering Jun'22 quarterly numbers for staff costs were a few million ($2.445 million) & customer receipts were a lean $852k.
Market doesn't seem impressed with the $400k grant. The response might have been different (positive) if TTT had announced a healthy sales contract that had eight digits (e.g $20,000,000+) & involved real money deposited in the bank account.
SP might be on a submarine trajectory for a while. Just a guess.
Ann: Titomic Europe awarded Horizon Europe grant, page-2
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