SO BARDA is stumping up more than planned for in the budget. The expectation from recent company information is that there would be a small profit likely in FY24.
I am assuming BARDA gets the product at a discount but not at cost so I would imagine this will lead to an in injection of some percentage (say 50% for arguments sake) of 10 million over 2 years. So the small budget surplus could be bigger by circa $2+ m (USD) (~ 3m in AUD) than planned for FY24 and FY25.
The commentators who seem to be fixated on profitability above all other considerations will be very excited by that I would assume.
However, I suspect PNV will find good use for most of the extra cash. We we could add say 20 more sales people in the US or Europe for that amount or probably 100 more in India. Oh hold on - that will generate more revenue.![]()
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