The agreement was signed in this quarter and presume they have had enquiries. ("solid prospects emerging"). Apart from that there is some good information in the 2 announcements. We finally see some numbers around LaaS (quite small still 200K-400K). This comment "...Company is also assessing the commercial viability of establishing a separately funded operating vehicle totake the core LaaS hardware (and other associated) costs off balance sheet" could be another positive. Costs still too high compared to revenue and not sure where the money for next quarter is coming from (~1M cash on hand) operating cash outflows ~1.8M. Some money coming from R&D grant (didn't see how much) and customer receipts might be higher next quarter but overall still get the impression that more cash is needed.
VIV Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
