Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-71

I suspect the delays and reduced cash flow relate to Trump's:
- attack on woke universitys and Dept of Energy (DOE) budgets (climate change, renewable energy, etc). In March I read Cornell University (one of the three we are working with) had budget cuts from DOE for woke behaviour. So the question is whether Trump see's any merit in the Grid Resilience and Hurricane Response projects.
- tarrifs debacle. No doubt companies have been caught like deers in headlights, frozen not knowing what to do, so doing nothing. Hopefully Trump backpedals quick enough to avoid a deep recession.

Contrary to the vitriol being spewed by posters, none of these can be blamed on 3DP management or product.

The product is being used much more widely, the amount of 3D data being collected is balloning and use cases are growing. Therefore they are in the right place at the right time. My personal research with users in Main Roads WA and an oil and gas company is that it is cutting edge technology with good technical support. At Main Roads WA, the biggest risk is budget cuts for the data collectors (slows 3DP growth), but eventually it could be autonomous cars doing the collecting.

So I see this as a top-up opportunity, but not without risk, particularly if DOE budget cuts affect us directly and permanently.
Yes, IO's permo optimistic forecasts amongst obvious shadows have long ago lost credibility, but when you are paid handsomely to be optimistic it seems difficult to change.