Trading volumes today reasonably elevated at almost 1m shares...

Trading volumes today reasonably elevated at almost 1m shares (not hugely material in the context of MC, but elevated for Ava).I suspect part of that elevated volume is because people had buy orders in at that 11c price, but having said that, still sellers out there so sentiment seems very poor

the price is now almost 50% down post the telstra announcement in Feb and given we are 4 months post announcement, the elephant in the room is why no confirmed order (especially given they already spent 10 mths prior to that in collaborating and trialing the product....perhaps the deal needed to be done with NBN and not telstra?)

No update from mgmt on how 2H is going, but they usually take at least a month post the period close to given updates, so perhaps end of July before we hear anything (it's a long time given how this is trading)

at the lower end of guidance for 2H24 (16m) , they will still make an EBITDA loss given their margins, but at the higher end ($20m) they might just break even for the half, but still a loss for FY24

to add to the current challenge is the (self imposed) albatross around their necks of trying to grow revenues between 40-60% in FY25 and then a further ~30% in FY26......nothing in their current results seems to indicate that this is possible