I see this report is forecasting sales of $4m and expenses of...

I see this report is forecasting sales of $4m and expenses of $6.7m for FY24 for a full year EBITDA of negative $2.7m.

By comparison, Q1 revenues were just $267k and costs of $1,943k - so to get anywhere near those forecasts we are going to have to see a rapid ramp of revenues into the >$1.0m mark by Q3 plus a reduction in costs of about 25%.

AGM briefing talked about accelerating repeat orders of +85% Qtr on Qtr. If indeed they did deliver +85% growth Qtr on Qtr for the remaining year, then we still don't see $4m of FY24 revenues (Q1 = $267k ; +85% = Q2 of $494k; +85% = Q3 of $914k ; +85% = Q4 of $1,690k = $3,335k for FY24). So, I very much doubt that $4m revenue forecast as an outcome unless they drop a whopper deal on the table in the next month or so.

Rather, it seems another capital raise is imminent and today's share price movement (dropping to just 1.0c at the low) would seem to support that.