Some notes vs previous updates: - marginal improvement in forecast from ~$7.9m on 27th May to ~$8.2m today - recurring revenues are however unchanged at $5.3m annualised (from 27th May) - unweighted pipeline has reduced from $12m in Mar to $11.6m in May - 'Solarcam' to be launched in 1Q25 (don't recall that being mentioned before, but seems like a simpler unit with just a small panel and camera) - FY25 revenue range unchanged at $10.2-12.0m & EBITDA of $0.1-1.3m ( I would say that the lower end of this is insufficient and they will have to target at least $1m in NPBT to demonstrate a real turnaround)
Again the noise around valuation etc.....just bring in sales, positive cashflow & profitability and the rest will take care of itself (and if it is so undervalued, take half of your $400k in shares!!)
SP3 Price at posting:
1.7¢ Sentiment: None Disclosure: Held
