Great post.
OPEX is high atm because they are in the business of getting new contracts, and the deployment costs of these contracts will result in higher OPEX. Ie the product and manufacturing costs and the staff costs for deployments.
OFC if they keep winning new contracts then OPEX will continue to be high, and that would be a great sign imo.
Once the product for a contract is manufactured (product costs) and deployed (staff costs), the forward opex for that contract is significantly lower (maintenance if required).
Cdchi1
Great post. OPEX is high atm because they are in the business of...
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