Not sure if you have been in this from the start like others, but the Italian deal was a take or pay for 7,000 units over three years. We were meant to have revenues for at least 1,000 units by now... we have 25!
Sales will still happen... but the guaranteed revenue agreement on that scale is gone. The company balance sheet (and IPO!) was based on that €5m income over 3 years.
Rights issue along with positive study results, page-3
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