The words "IOT Lab" haven't appeared for a long time @mad max Seems to me these guys are like dogs chasing tennis balls. As soon as someone throws another one they chase it, and leave the last one behind.
In the last 10 years they have announced countless:
- new Directors with all the right skill sets to make this fly
- partnership agreements with entities all over the world - so many!!! At least 20 by my reckoning.
- IOT labs all over the world
- multiple 'Memorandums of Understanding"
......and now we are installing dishes on Norfolk Island. Really?? Well over $100 million of losses from research and development and marketing, and exponential growth is going to come from installing dishes? Should have thought of that 10 years ago, and cut to the chase.
Oh, in case anyone thinks this quarter will end with an announcement of a significant increase in revenue, don't forget it was Chinese New Year and COVID mess month in China.
March quarter 2020 = $2,191,000
March quarter 2021 = $2,061,000
March quarter 2022 = $3,104,000
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