Being very close to this sector, and working in it - being...

Being very close to this sector, and working in it - being a pure MSSP can be a race to the bottom. It should be a complimentary line of business IMHO, as a core service this can be very challenging. So A.I and IoT are part of their strategic direction - really? With such challenging numbers why focus on something that will take such a long time to get ROI. Why expand internationally when really it would be easier to win more customers and revenue in your back yard. Expand and grow into services that are in a massive boom and demand right now, why those that could be 3-5 yrs away. I am somewhat confused by the strategy.

Obviously I dont know the details - this is MHO on face value. Take a look at these unlisted profitable cyber companies all hitting in the $5-$25M+ revenue: Shelde, The Missing Link Security, Hivint (just sold to Optus for $23M), Zimbani, Shearwater, CQR, Sense of Security - to name a few.

I dont own any shares, and dont plan to buy any.