It is a start up and prior to 6 months ago I was a believer that...

It is a start up and prior to 6 months ago I was a believer that the company may just be able to get off the ground. Now, with inflation skyrocketing, interest rates going to the moon, smart & dumb money piling into defensive assets and manufacturing costs rising (if parts are even available!), I'm not so sure. its my belief that this company needed at least two more years of CRs to keep the lights on and support product development. I don't think there's a snowballs chance in Hell thats going to happen now. Next year is going to see a lot of ASX startups folding as capital dries up. Sadly, my prediction is that ICR will be one of them

Its a shame because the sector desperately needs solutions to enable people to live independently for longer.. Personally, I think the big players like Google or Microsoft will be the ones that have the resources to develop the products and markets that ICR was targetting.

RIP ICR..