It's quite anxiety-inducing isn't it awaiting the commercial launch! Here's an interesting interview in the Eureka report (Note: you can create an account without putting through any card details, to give you a free trial for 15 days):
Key points I found interesting in case you have trouble creating an account @mirri11:
- Kingsley gave a ballpark figure regarding the pricing of Argus between $100k - $150k, however given the sectors that MX1 operate within we won't ever be told exact numbers about how much the products are sold for. Landing the Land Forces 154 contract for 63 units based on these estimates would be within ~ $6.3 million - $9.450 million. Given their attendance at the Land Forces event in December this year, and the release being estimated to be before the end of the year (difficult to have faith in the estimate I know based on all the prior ones being way off), it seems to me at least that they stand a very good chance at landing this contract + the Australian governments recent order shows they have faith in the durability and high standard of MX1's products. No further clarification was provided about the Australian Government order as to what they're being used for exactly, could be humanitarian, could be military, not sure.
- The company is funded into next year, capital management is currently the board's highest priority, and no comment regarding a future capital raise was made - a positive sign that they have confidence the financial position of the company will continue to materially improve in the near future/ we could avoid further dilution which would be nice!
- The commercialisation plan for the Brain CT and Checkpoints and Baggage scanners will likely involve partnerships to commercialise. This could reduce the overhead costs required to bring these technologies to market, while MX1 retains full ownership of the technology. Reading between the lines, which is obviously just me making conclusions that I'd take with a grain of salt, partnership discussions are underway and progressing.
- While the contract with the DHS is fully funded for 3.5 years, the baggage scanners themselves could be commercialised sooner (the checkpoint system for the airports involves the baggage scanner in addition to mm wave scanners + the design etc.). These scanners themselves have a myriad of applications outside of an airport setting e.g. prisons, government buildings, stadiums, basically any public area where security is a concern this scanner would be useful. So we could see this bringing in $$$ ahead of their subsequent deployment in airports.
Essentially a lot of the same information that we've heard or that has been eluded to before, interesting interview nonetheless. GLTAH
