So we have now received two material repeat orders from the US government amounting to about $10million and recently also received NATO clearance to enable ordering from those countries.
These appear to be outside the competitive procurement future pipeline that DRO highlighted as these are repeat orders. If that rate continues for the rest of the year that's about $60million that does not appear to be in the potential future pipeline for 2024.
Also will be interesting to see any announced orders under NATO in future as again these would probably be adhoc and not in the forward pipeline.
If I've missed something on this please let me know.
Based on above and that the US Gov March order seemed to be secured in part because stock could be delivered in 15 days, it is probably prudent to have raised the capital to have inventory ready to go noting US Gov and NATO circumstances.
I gather that these will have the added benefit of adding to the ongoing SaaS revenues as well.
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So we have now received two material repeat orders from the US...
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