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Ann: Cedrus Investments Initiation of Coverage, page-9

  1. 30 Posts.
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    I've always thought that revenue referred to income from the sale of goods and services and could not include R&D grants or tax credits.

    Regarding the company putting out two paid research reports in quick succession, I would think that they are trying to gain the attention of the professionals. If they can get more institutional investment then they are on their way.
 
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