Ann: Spectur Business Update and Investor Briefing, page-20

$1.6m in the bank, $5m+ ARR (growing and consistent), big corporate customers, simple and easy to explain business model and niche. Australian infrastructure projects (renewables, mining, telecommunications, defence) in our vast desert continent will need remote monitoring / security. Potential CR at these levels is the key risk, but this business will likely be able to attract enough capital to survive and scale. Execution is key, and management seem to have the right approach (simplicity, discipline, perseverance) - positive cashflow will be the output IMO.