Ann: Q4 FY24 Business Growth Update, page-13

To their credit, although they have been talking about cashflow positive and investors seem to want this as well (including me), they have done incredibly well over the past few years. Since their cap raising end of 2021 (I think around 9-10m), they have increased their overall cash balance plus great growth YoY. So in essence they haven't really used the funds from their last capital raise (Brad elluded to this a couple of webinars ago).

I would love it if they announce:
- cashflow positive (share price re-rate)
- then a few weeks later, another DEVO like partnership (further share price re-rate