There is no way they will make 10% profit on $40m revenue in the...

There is no way they will make 10% profit on $40m revenue in the near future. If they are seriously bothering to announce a $1.6m hardware contract, that probably makes 10% gross margin (i.e. 2-3% NPAT margin)...then the business is way off those type of numbers. I think the astute investors have picked up on this, that a $1.6m contract means a lot to Cirrus, and if that is the case, investors are in trouble.