They sold some IP that was related more to the retail space ,...

They sold some IP that was related more to the retail space , not the business customers they acquired from the Blue Reef deal therefore a large portion of the $3.8m is profit (which has to be booked this quarter) so based upon that I would say the company is profitable already. I would have also thought the carry forward losses were completely absorbed by the profit.
My expectation is that the Company will have a 7-8M run rate, 5m in the bank at financial year end and post a healthy profit. The sales team has been in place for 6 months and should be hitting their straps by now.
As for the share price, "I never make predictions.... especially about the future".