Seems a bit difficult with current results. Annual cash burn is A$3-4, balance sheet only A$1.8m left. current margin for recurring revenue is higher, and near breakeven for hardware sales if incorporate shipping costs etc. Best scenario, the company needs a recurring revenue of ~A$8-9m to break even, say each device gets annual subscription fee of A$300, thats 30,000 devices to be sold. product cost is over A$200 per, so another 6 mil of outflow before SCT able to achieve breakeven. Just some very rough figures out of my head, hopefully I am wrong and SCT pulls some big contracts out.
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Seems a bit difficult with current results. Annual cash burn is...
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