From the announcement in Nov:
The appointment of Pietro to this role will accelerate Ava’s growth in condition monitoring, including conveyor monitoring solutions as well as broader situational awareness applications.
Perhaps signals that the conveyor belt monitoring solution sales has not panned out as expected which would be a pretty significant setback given how much time & trials went into testing that and we have perhaps 2 (?) announced deals and nothing close to the high value recurring revenues most people were expecting.
Comes back to your post above (68286035) - to get to 70-100m something has to fundamentally change and to date we have not seen that.
Ann: Q3 FY2023 Trading Update, page-59
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