Ann: Letter to Shareholders, page-63

  1. 4,502 Posts.
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    Anyone thinking IMU are about to bank $50m of R&D rebate is an imbecile.

    https://hotcopper.com.au/data/attachments/6974/6974581-efa711517b376d32af871f1180b2e254.jpg

    IMU spent $86m on R&D in FY2024 and only accrued $4.6m for the FY24 R&D rebate.

    https://hotcopper.com.au/data/attachments/6974/6974587-b99c15ffed3bd02840f4780e707a32ea.jpg

    Why?

    Because >90% of IMU's R&D spend is conducted outside of Australia.

    https://hotcopper.com.au/data/attachments/6974/6974589-0d7437a6ecc561e5e8cd65526196353f.jpg

    At $322k spend per day, IMU will be insolvent before the next Annual Report is due and FY25's forecast R&D rebate is published.
 
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