Results2023 results coming up. I expect revenues to be around $13M, an improvement over 2018 and 2019 results but much lower then the last 3 years.
Based on what we know so far in 2024, it might get worst. They will be chewing on their backlog for a while. The last sale was for $360,000 back in October 2023.
Each new contract from now on, if any, will take a year or two to procure, manufacture, test and deliver.
And I don’t expect any large contract like some are suggesting. Too risky with very little cash on hand, uncollectable receivables, fraud allegation and lack of trust.