Increased Sales and Distribution Completion
Sales levels increased to AUD 497,000. The distribution reach was completed with Walmart and Target, achieving 5,000 points of sale.
Significant Capital Raise
A capital raise of AUD 4.1 million was completed with strong support from key investors, strengthening the financial position.
Next-Generation Product Showcase
Significant progress on the next-generation product showcased at CES, with over AUD 5 million invested, highlighting improved reliability and sound quality.
Positive Feedback on Gen 4 Product
Positive reviews and feedback from the CES 2024 conference and in-store demos, indicating potential success for the Gen 4 product.
Regulatory and Technical Advancements
Regulatory progress with no major blockers, with improvements in new technologies and components for better quality and reliability.