I don't know how much you attribute too the stock performance vs...

I don't know how much you attribute too the stock performance vs the macro narrative and lack of interest in small caps especially on the asx. That's across the board.

Yes they had a period where they lost trust of some of the market due to performance and how they were reporting potential revenue and overseas expansion etc, which did have an impact on SP.

but it also has coincided with a few years of solid interest rate increases and reduction in valuations.

They appear to be much well oiled company now and confident in how they report growth , they are unable to control the macro, but can control how they perform within the business. You would hope in the future this is a 500 M plus market cap stock. Hard to know timeframes. 3 years is my expectations