Ann: Nuheara to Present at Automic Invest 2023, page-211

They need to announce a deal or 2 regarding OEM's and the arrangement with RealTek. The tech/chips are not just for NUH, RealTek has already stated that earlier this year. That was the whole point of the RealTek investment. It wasnt to continue like they did in the past.
What you are arguing is not really sustainable for them. They cannot build a business rasing a few million every few months. They need deals. It appears most people are simply looking at it that way, they same way they looked at the company in 2019.