I think kojensi and nc protect have their place in the cybersecurity market. Unfortunately AR9 is too small a company for Defence to favour it for a large contract. Big bureaucracies like Defence prefer the "one stop shop" to source the whole wide package through one supplier. That's why AR9 will be relegated to hanging off the cocktails of larger condulting and conglomerate providers . The resources sector, research sector and mid range banking are less fickle so they could score contracts directly with large companies, including multinstionals like BHP and Rio.
That may be too late, as they would have to re evaluate their business skills to align with or include those sectors in their growth strategy. That also means spending money before we earn it which in turn takes us away from achieving cash flow positive in the short term. I don't think they have that risk apetite.
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