Generall Meeting 2024 - my opinion, page-106

Fair question. I feel very certain they are now (very) profitable. The revenue has been incredible this year, and their products sell at a 70% gross margin + SaaS fees. They have scaled up, but not so much they can eat through all that revenue just yet. My biggest question now is how they go scaling from 100 to several hundred people with much larger demand. They've done a good job of anticipating demand so far (with the capital raise funding all that inventory last year ahead of some massive purchases), but it is difficult to scale deep tech due to low availability of talent etc (that said, I have no idea how they managed to get such a large pool of talent in Aus already, many would have regarded that as impossible).