I believe you might have missed some points in the recent updates and also in the latest CEO podcast. CEO confirmed that they are thinking of a wide range of applications using fibre technology, you should definitely listen to the podcast.
Their main focus is recurring revenue and they already have $50 million worth of contracts lined up for Aura IQ which will be fruitful over the next 3 years.
In the presentation slides, they mentioned "Blue chip" user base multiple times. Just take a look at the clients they have (US army, air force, AUS defence/government, Indian defence, Vodafone, etc.) I truly believe their main focus is to grow and maintain their client base and get big government/defence/blue-chip contracts.
Lets not forget, they are still conducting POV (Proof of Value) trials for Aura IQ. Should expect to see multiple contracts once the trials are successfully over this quarter.
Just my views.
Ann: Annual General Meeting Presentation, page-16
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