Well I’m more than happy to admit I was wrong about the...

Well I’m more than happy to admit I was wrong about the quarterly — they seem to have received significant contract cash receipts upfront again. As per the annual report balance sheet, the cash will all wash back out eventually. So the odds are still that the next quarterly will be perceived as ‘bad’ by the herd here who obsess over short-term meaningless cash movements. They are doing a good job winning the significant contracts so if they can actually deliver consistent profits in coming years the share price should eventually perform. The big money won’t pile in here IMO until the stock is completely derisked, which means confirmation of a $5M+ NPAT in FY22 and a decent forward order book to show it’s not a one off bonanza year. Given the lack of profitability in the past (even a very sneaky $2.5M of JobKeeper in FY21 didn’t help) the market is probably right to be sceptical for now.