Looks like Jason has continued to stick by his word (kudos) in not raising capital.

Instead they have extended their debt finance facility by $5m to $12.5m (up from $7.5m).

Fairly straight bat, forward-defense type stuff in the communication. In the announcement Jason has noted:

“We are pleased to announce the extension of the Facility, which remains strategically aligned with our core business objectives: driving growth, creating long-term customer value, and leveraging the increasing opportunity to bundle hardware and software into our Industrial customer contracts. This extension also funds our global inventory and working capital requirements. With this extension, the Company remains funded to pursue sustainable growth in our focus sectors as we transition to profitability. We currently have no plans to raise further capital to fund our organic growth.” 

Looks like they appear confident this debt facility can provide them enough liquidity to transition them through to profitability.

I haven't done a run on the numbers yet, but cash on hand in their most recent half-yearly was circa $5.5m , and from memory they should be fairly close to break-even.

I applaud Jason sticking by his word - now it's about executing and sailing through to profitability.