what were you expecting exactly? Think you've shown your cards as having a poor understanding to be honest.... maybe you have the right idea trading and not investing in this company...
Figures are fine... no milestone payments this quarter (expected), but temcel income up! 4 quarters of cash burn assuming nothing from grunenthal and other unforseen upcoming milestones, and cash flow from remestemcel-l (US) will stretch this out for yeeears/indefinitely. All is well, but nothing unexpected (not in a bad way at all!! the only exception is temcel income is increasing!)
Ann: Appendix 4C - quarterly, page-68
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