Ann: Quarterly Activities Report & Appendix 4C, page-15

Gee I must be reading a different 4C as I thought the progress made since IPO is outstanding and many high price techs don't generate no meaningful revenue for years and list with an idea, not a disruptive product such as ELS technology and the opportunities the autonomous vehicle market may offer.
A few other things to note include - ''Furthermore, by introducing a recurring revenue component during this quarter, a proportion of sales invoices were not recognized as revenue in the quarter but will be amortised over 12 months according to GAAP''
Found this interesting -"The Company expects to operate the business and its cost commitments with funding from revenue generation and will evaluate all opportunities to fund additional investment in new verticals or revenue opportunities above and beyond its plans as outlined in the Prospectus. The Company has been approached by a number of strategic investment groups and we are currently working through the potential opportunities.'' Have seen it many times that these groups take a stake quite often pay a premium to the prevailing SP'.
And what will the Hikvision alliance deliver?
The market is very forward looking and this is the reason we had a SP of $1.50+. Whilst the rate of sales may not be up to many expectations I'm very happy with the progress made in a few months and plenty of news should resume the SP appreciation.