"Cost-out program aimed at getting to cash positive at the...

"Cost-out program aimed at getting to cash positive at the Company level with both divisions profitable."

So why has this excessive spending been occurring and not been dealt with previously?

While some longer-term product development projects have been deferred, the strategic vision and direction is on course to be realised

So the previous method of developing this company was excessive attention on "new projects" before getting the existing business model functioning in line with the best business practice.

Cost-out program to be largely completed by the end of Q3.

Why has it taken them so long to work out their spending was excessive?

Approx $16,000,000 to run this company per year is diabolical management.

It would seem the rhetoric is not matching reality. There are always stories re company activities.

IMO