Awaiting results... Things could get passionate today... 9 or 9:30?
Printable View
Awaiting results... Things could get passionate today... 9 or 9:30?
Look at the cash on hand...
...CMS & VA long and drawn out process (uggghhh!)
Looks good to me... what does everyone else thing? Bad, Ok, Good or Great?
Better than Edison.
2.5 mil in trade receivables as an asset would change to cash on hand if they got paid. Now is that Medicare or what. That is roughly 5000 tests unpaid as yet. Gone up quite a bit too so lab throughput obviously on the rise.
Not too shabby, IMHO
Disregarding the earlier battles about who said what about how many tests the overall picture looks pretty positive to me.
Sales revenue up from $145K to almost $2m is certainly trending in the right direction. There's still a long way to go though to reach the $100m forecast in the 5th full year of trading - and no indication of when the clock starts ticking. When is the first full year of trading?
New products, new markets, new commercial initiatives, a team of sales people active in the US - what's not to like?
Only question is how much more cash they will need and when.
Almost everything available at 73cents this morning is gone - looks like SP could move a bit higher.
Yes I think a capital raising could be needed end of the year, but they are still progressing dramatically... Who knows, maybe they could be like Xero, where just as questions about cash are beginning to creep in, they suddenly get a huge injection of cash from someone...