Ann: TTTs diversified revenue strategy gains momentum in FY22, page-15

Let's not forget that in the grand scheme of things $10 - $20m a year for a company is by no means an extremely lofty goal.
yes I believe they will need to sell thousands of these machines, which they might be able to achieve given the relatively low cost to machine shops globally .. even a very small shop could afford that price.

there's also powder and maintainence for these machines, also given cold spray can be additive to pretty much any process instead of being an end to end solution like most printing tech adoption could have rapid onset.

they still have the jvs etc to profit off too.

the biggest problem here is they are still 2 years off anything significant really.

give it time, these guys have something cooking unlike their asx counterparts