A cash rich technology company with potential to return cash to shareholders and fund its own requirements while it builds up its revenues is a potentially attractive investment. That is particularly true because the technology has had millions of pounds invested into it and it is attracting interest from customers and partners.
It will take time for the company to generate enough revenues to move into profit, so it should be seen as a medium-term investment with a short-term return of capital that can be recycled into other investments.
The first production order for the technology has...