It actually will change a lot.
First of all, I personally don’t believe that AKD1000 was a flop. It did exactly what it was intended to do from a technical perspective, and was celebrated by those that verified it (Socionext, NASA, etc.). The impression given by the company is that the EAP customers wanted changes which were supposedly implemented into mk2. If this is the case, then there’s no reason (other than the time required for functional tests and verification) that these ‘customers’ wouldn’t sign a material contract.
I have no experience what the timeframes are here, but would guess that the EAP customers would have completed much of what it required over the past two+ years’ of engagement with Brainchip, and the timeframes attached to this phase could be much faster. This coupled with the fact that the economy (although a long road to recovery) has started to show slowing inflation, and the war in Ukraine is now showing a reduced effect on global markets, creating a more inviting environment for product releases. I would hope to see at least one new contract before the next AGM or we could be looking at a failure. Given the cocky statements made by management, even in the light of a train-wreck of a financial report, I suspect that they hope/suspect that this is how things will play out too. I remain optimistic for now.
Of course I could have it all very wrong.