Short answer: Its a small cap stock so volatility is the order...

Short answer: Its a small cap stock so volatility is the order of the day. A lot of smaller stocks are getting slaughtered due to the flight from risk.

Long answer: the signature product of this company is its mobile and seat belt detection heuristics. Plenty of competitors in the speed camera space and they are late to that particular party.

Currently the only customers locked in are Qld and NSW. Western Australia and the UK have trialled them but so far no cigar. These cameras are not especially popular. False positives are an unavoidable problem. A lot of things potentially look like a phone. Unlike a speed camera, they require a human to confirm the result before a fine notice is sent out. They also require a lot of humans to deal with the disgruntled responses. In Qld, responsibility for this has been transferred from Transport to the Revenue office - its a lot of aggro and no department is especially willing to be responsible for it. This is why the fine amounts are so large - several times larger than speeding fines - the government has to charge a fair bit to justify the effort.

Huge revenues are being generated at the moment but the company doesnt get a cut of this. It just supplies and services the cameras. Of course, people will modify their behaviour and those revenues will tail off.

I dont see things being turned around in a big way until they announce more contracts for the seat belt and phone cameras.