Same old Norwood. Did a cap raise, spent it all. Pipeline of sales, blah blah.
Need another cap raise around May/June. Might have to be April if it looks bad and they need it for the quarterly report Earlier than I expected so the bucket gets kicked down the road again.
Interesting that the revenue from the Optus deal was considered non-material by the company when announcing the PoC, but is material now, used to explain how the company will fund the next two quarters. I'm guessing because the amount is really just covering costs incurred in the PoC, which was explained in the report.
But you can't deny it's good that Optus were prepared to spend $160k.
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