I have always believed they should have spent the last year on...

I have always believed they should have spent the last year on private money and now be coming to list or even in another 12m. Having said that they are now starting to get some traction and the US market will be the key due to distribution channels. This comment from the Annual Report is instructive but more imp the MD has effectively been the only buyer of note this last 12m with a net buy of 4m or so. Also Alium have stuck solid.

Listed at 20c and now at 8. Worth a look.Below from Chairman's comments.

While we are looking excitedly to the future, we cannot overstate how instrumental the last financial year was in laying
the foundations for growth. Revenue increased by over 500% to $4.4 million thanks to subscription growth and the
acquisition of Ward MM. We are well placed to reap the benefits from the significant investments we have made in FY22
to scale the business in the US and Australia.
Further, the opening of the Lone Worker market to Careteq presents an additional growth avenue to the Group that
wasn’t in its initial plan. An existing channel partner sold Careteq’s TEQ-Secure to clients with teams of lone workers who
require a safety pendant to signal for help. This isn’t a niche market either as there are broad-based applications for our
technology that can be used by employees who work without direct supervision.
Careteq’s shareholders should be as excited as we are about what lies ahead as we believe the Company will reach an
inflection point in this current financial year. Given the multiple tailwinds driving the aged and disability care industry
towards Assistive Living Technologies, Careteq is in the right place at the right time to capitalise on this global trend.