General market weakness and I think the market is also waiting for some clarity on realised revenues, cash burn in the next quarterly due at the end of the month.
i’m down from early 60s pre cap raise but taking a longer term view based on the 2 year chart.
Company needs to keep up and exceed previous ARR growth this financial year to warrant their cash burn.
Selling is also on lower volume than daily average so looks to me like profit taking from lower levels or weak hands concerned on the gradual share price decline.