IMO the most upbeat paragraph in the 4c:
"Alongside the additional sales and marketing activities currently underway, the Company started to establish additional manufacturing facilities to ensure flexibility, in-built redundancy, and, more importantly, the ability to triple the manufacturing capacity. Importantly, during the quarter, the Company commenced delivery of hundreds of Halo units under existing contracts."
They're preparing to ramp up production, but the cash burn is quite high. Need some orders before the FAA decision in March to send a strong message to the market.
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- Ann: Activity Report and Appendix 4C
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