Dam, I have been buying since the
$1.7m purchase order and thought I had more time to pick up more below 0.02 but it looks like the cat is out of the bag so we can finally talk about this crazy hidden gem.
Let's speed run some numbers,
Cash @ 31/03/25 was $2.23M
ARR @ 31/03/25 $1.7m
Softbank Cash injection $1.8M
Cash burn ~$1M per QTR (excluding tax refund period)
This will be much lower and potentially cash positive next QTR depending on payment timing for the Baghdad safe city project.
Now I am willing to take a punt at next QTR cash numbers
First (if we get that payment) I think that cash could be ~$4M + ARR $2m
Ongoing from July 1st
SoftBank Robotics Minimum purchase commitment boost ARR $0.69 + for 3 years an extra $0.36
ARR up 150% to ~$3M
Cash burn should be reduced and we could have enough cash for ~5 quarters
From some LinkedIn stalking I have watch them build up this team in the middle east and the resulting engagement is clear.
Then from a
podcast early this month, Kevin's demeanour was so relaxed and confident it sounds like there are big things cooking, there is a few cheeky comments RE potential sales in there but I wont say it outright here, but its big and well worth a listen.
Also this relationship with
Macnica only started in March so they have only just started
marketing our solution.
So more sales in the middle east seems confident + sales from Macnica/SoftBank, 2026FY will be massive for this company.
