Operational losses have been improving, but are still very substantial. With revenue problems very likely this year (as they have already said), operating losses will almost certainly still be very large in the near future. With the PPS this low they will have to sell a very large number of shares to keep the lights on.
They often talk about big projects they have booked, so given that we haven't heard much from them, I would not be banking on a big revenue surprise.
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