Despite the SP move, this is a really positive quarter report.
-They got hit with final interest payments and now moving forward they have eliminated bulk of their old debt so they can become cash positive. Eliminating $600kUSD a year in interest.
- Abiomed sensors ramping back up in Feb, back to normal Q4
- glucose monitor starting within current quarter (4m potential)
- solid foundation for a cash positive company, something they haven’t seen in years
I am frothing this, Ralph and the team and stripping the company back to its core foundation, eliminating debt and has set it up so it can turn into a profitable company.
I wonder how quickly the SP would bounce back if Glucose and EUA Covid sensors landed within Q3.
I have kept topping up with all these dips, almost at the 7 figure mark.
Very exciting times ahead.
Cheers lads
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