Some notes from the call. The highlighted points in the growth...

Some notes from the call. The highlighted points in the growth section are of particular interest. If they can land contracts via a new partnership of Government infrastructure monitoring program, I think it would be very well received!!

$7mil MC ~ $5mil EV
- The ability to bring down the cost of drone data for users
- Ai used to process the high volume of data
- The business is about signing up long term, multi-year contracts with customers
- The company integrates a number of key software solutions to tailor a solution for a specific customer
- It's about wrapping the hardware and software within the regulatory approval framework
- Focused on the mining, agri and critical asset industries (significant growth potential for RKT to service)
- Strong Tier 1 + 2 customer base
- RKT has grown over a number of years with their customers, which has helped imbed their offering with the clients
- RKT's output integrates into the customer's system to deliver the analytics required for the customer to make key decisions
- Value drivers in totality helps build a moat for the business - training, distribution, automation, Ai & software integration, economies of scale + scalable operating model

Financial highlights:
- Half year was flat compared to last year as a result of focusing on the new product launches and tender submissions
- Focused on building a business that can deliver long term revenues streams
- South32 ann that was made post qtr end sees the business with a $3mil ARR and $5.5mil Total contract Revenue at present. A much better result than the charts shown for qtr end.
- Enough money in the bank to continue to deliver. The company is focused on growth opportunities
- 30% of business comes ex Australia and they are keen to grow this
- The style of contracts being longer term, reoccurring orientated won't see large swings in revenue y.o.y, it's about continuing to build contract wins on top of the current stack
- Very focused on minimising the cash burn - def not a lifestyle company

Growth opportunities:
- The new Xbot solution, recently approved by CASA, will see the Ai and autonomous data collection offering be available to a wider range of customers. Each unit starts from around $5k p.m. for the base level product solution offering.
- Discussions will be had initially with existing customers using previous solutions
- The customer is looking for more than a photo, they are wanting to make decisions
- Currently working with Government around solutions for infrastructure to extend the life of asset via implementation of a risk based / monitoring solutions. Until now there hasn't been a consistent way of doing so. Trials underway with a number of parties at present.
- A partnership model would see the RKT partnering with companies in industries that can use the RKT service offering as part of their total solution. A couple of partners being worked with at the moment beyond the Strayos partnership that will come to light post proof of concept. A good way to tap into their customers / market opportunities.
- CASA approval took 2+ years - 3 levels to the license signoff required - company, people and aircraft.