A tough time to be raising capital. This looks to be a single...

A tough time to be raising capital. This looks to be a single quarter of operating expenses raised.

Looks like a Satellite from KSF2 can’t be used but I can’t see any update on the KSF1 Satellite that was having problems unless I missed it.

I would like to know the implications on revenue where there are 2 satellites in a cluster vs 3 or 4.
On the one hand they say that 2 sat clusters give revenue generating “opportunities”, but on the other hand they say that they can recognise revenue from KSF1 when it ‘ramps up’ over H1.
My interpretation is that the larger existing contracts require more than 2 satellites in the cluster but it all seems a little cryptic to me.

If they estimate 1.5 years of remaining lifetime and If it takes until the end of H1 to start recognising the revenue then that will mean the cluster only has 1 year total of revenue generation lifetime.

I’m not sure what to make of the spectrum licensing issue.