Firstly a company of this size that is growing and profitable (edit: barring the large impairment, that is) is nothing to sniff at, so kudos where it is due.
That aside, not sure I really like the regular subtle downgrades on the outlook. It started at as an FY27 revenue target of over $170M, then became $170M, and is now $160-170M. Growth was "low to mid double digits" (already a very vague/unclear range), and in November was amended to "low double digits". Now they're saying group growth of "high single digits". Meanwhile actual growth for the half was 6.6% (trying to exclude certain segments and show higher growth is nonsense - at the AGM they called this segment "a material opportunity").
This feels like it could be one of those cases where the target will slowly drift downwards and then at the end they'll congratulate themselves for hitting it.
Considering the strength of the two much larger ASX players in this general space, I still can't see the attraction here.
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