$11K revenue in the last 6 months, $5.2mill in expenses. That probably has something to do with it as expectations were pumped up before Thomas left and sold out.
Whether it is fair for investors to make judgement on this is debatable. However, in an investor presentation last April Thomas made reference to another ASX listed company UBI portraying the similarities between ISN and it. At the time UBI had a marketcap of $150mill on $30mill revenues. Easn't long ago (September/October last year) that ISN had a marketcap of $215mill. This sort of marketcap was always going to be under severe pressure if they didn't start pulling in revenues.
This is typical action, exuberance over the release of a new product takes share price to new levels, then the need to prove the potential with sales. This is what ISN need to prove over the next 6-12 months otherwise the share price will remain under further pressure.
ISN Price at posting:
28.0¢ Sentiment: None Disclosure: Held