Pro: $2.5mn saved. Great result and hopefully more to come,...

Pro: $2.5mn saved. Great result and hopefully more to come, unfortunately $2.5mn annualised. So this FY expect 600k in savings, not enough to stop the cash burn by any stretch but good start
Con: Does this mean EVS has admitted Water was a failure? No further development? I don't know a single SaaS product that is ever "finished" hence why the tech road map that all SaaS have (e.g. Google Maps?). Ambiguous as usual, would love clarity as my read is that water has been shut down/folded without actually saying it is-otherwise the cap raise was a failure.