Fine to show IMOD as an exceptional deal, but they have been...

Fine to show IMOD as an exceptional deal, but they have been indicating that they are pursuing similar deals and all the numbers show is that they have not succeeded on that front

I'm not trying to be negative (given the oversized position I hold in this), but Ava since Rob has taken over continues to talk enthusiastically about deals signed or potential, but when the rubber hits the road, the end result does not seem noteworthy (or perhaps its my interpretation of the communication; i.e. reading too much into initiatives).

I would say that with revenues of ~25-30m (~20 Ava, ~7m GJD with a PBT of nil is not going to support a business with a MC of 70m); they need to make some inroads into top line growth as they had ~11.5m in operating expenses (probably closer to 16-17m post GJD purchase) so they need to make ~40m in revenues to generate ~6m in PbT