I agree mostly-if they were SaaS they'd mark out the SaaS...

I agree mostly-if they were SaaS they'd mark out the SaaS revenue, I'm sure if one of us asked in the next Q&A they'd get all funny about it, hence why it is "recurring revenue" like maintenance contracts use "recurring revenue". Water is a complete flop and the CEO made such a song and dance about it and that ridiculous number he claimed (billions) as an addressable market.

Costs are not a focus for the business-assuming an endless supply of shareholder capital. But again-the CEO gets a massive payrise, including a massive chunk of shares just allocated. Surely with that many shares there has to be some focus on getting cost out and making it profitable? Or am I missing something?