Baxter has a bit of trouble because of his past, (getting beat out of his former company) but yes, he can do it. he has the know-how and the staff. The biggest danger he faces is running out of money and taking a PIPE or other unfavorable financial help.
He can and will do a high quality job for his clients, and word gets around.
As I understand it, he has enough revenue to operate without excessive and unfavorable borrowing. Right now, the SP is a handicap in that respect. A lender would be hesitant, viewing the 7 cent SP. A wolf of a lender would smell blood.
I believe that he can land more big contracts.. which means that he will have to hire more staff as he grows. So it is rather imperative that he colect what he earns as he goes, PROMPTLY>..