It's a microcap that 'recently' listed so has not come across most investors radars
https://hotcopper.com.au/posts/57940673/single
This post highlights that at the AGM the business had engaged some equity research to perhaps help it get more attention from institutional investors, but as Madamswer indicates, if you are patient investor and pick up parcels over the next couple of years when others get impatient, it MAY be financially beneficial.
Growing ARR, bolting on additional revenue streams, cashflow neutral and currently with enough cash to meet its needs, the company can carry on without any risk of losing money......IMO it still needs to grow revenues to match its 86m MC, but mgmt seem to be switched on so will wait and see what happens over the next 12-24 mths (hopefully a few decent UK contracts are signed which will then make people pay attention).
In the meantime, you'd have to be prepared to ride a +/- 5-10% move daily given how illiquid this is......and not sure that move necessarily means too much in terms of the company fundamentals
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