They are diversifying manufacturing and reducing reliance on...

• They are diversifying manufacturing and reducing reliance on China. It's a smart move given the global supply issues, lockdowns and political circumstances.
• eCommerce will complement existing distribution channels, not compete - again, you should have listened to the webinar.
• In FY22 they made $0.7m from just a small number of software enhancements. I would expect this number to grow as the software add-on feature-set expands.
• They own Timecode Systems which was acquired in 2019. That business already has a number of products and the Wireless AirGlu system integrated into the new Connect range is a byproduct of that acquisition.