The game changer was Iridum GO and any further growth will be from their ability to develop as a larger OEM producer with a broader portfolio of more mainstream products. Unfortunately that also means that at 45c+ they were very reliant on those orders continuing to come through to support the valuation.
That said, the MD is a good operator and a lot of the things in this announcement may prove one-offs.
WRR Price at posting:
25.5¢ Sentiment: None Disclosure: Not Held
