RGT 0.00% 31.0¢ argent biopharma limited

Ann: MXC COMPLETES FIRST ARTEMIC ORDER, MARCH QTR RECORD REVENUE, page-9

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  1. 14,151 Posts.
    lightbulb Created with Sketch. 2425
    Good to see that they actually got some orders in from one of their agreements - the only other time that happened was the $1.5mil from Cannaglobal. Mind you, that stopped fairly suddenly - hope this one has more legs.

    From memory, annual operating costs are around $5mil (admin accounts for $2mil of that).

    Be a while before any sales will result in a profit situation. $880k in revenue per quarter less production/sales costs would have to increase fairly dramatically. Not really touching the sides of operating costs at the moment.

    Good on them for getting something though.
 
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