I listened to the interview and its implied that there are lots...

I listened to the interview and its implied that there are lots of customers globally , Europe, APAC here etc, however we are never told who these customers are, the point made by someone else ref SSI is very relevant, how much revenue does the VSN software licence make, its not clear and is still not clear or how much its charged for, moving to 80% recurring is an interesting number if the business is made up of all the strands the CEO makes out. That means the software is the predominant component, not the services, hardware etc if that is true then we should be shouting out that of the 14M that 11.2M is recurring software revenue. Thats what a software company normally would say to get the multipliers of value.

An earlier commentator said they have 130 staff in China, how many staff are in the rest of the company that would also be a good indicator of what the business is really doing and where.

I only observed the call and feel that we are not getting an accurate picture of the business. That excludes all the other comments ref losses etc,