The half year loss was most likely done so they can show a...

The half year loss was most likely done so they can show a better second half and full year results. People will be assisted to forget the write down when they post the full year results imo. CFO special in the making.
Very interesting update with the defence contract pilot, very exciting to wait and see how that develops. My guess, it is the standard JMC low margin hardware offering to begin with and aspirations to upsell the Vection software. How much of the $30m is based on the low margin Hardware side and how much is based on upselling the IntegratedXR software is the missing piece that holds the share price back. Like always, the fine print keeps people hesitant.
What a stock, if this was a tug of war game in the park bulls on side, bears on the other, neither has gained any ground in 2years.