Ann: Proteomics signs binding LOI with Sonic Healthcare USA, page-44

First 44 Last

Share
Profile

Follow
silsol

3,513 Posts.

302

12/08/22

09:55

Post #: 63073140
Share

Originally posted by Eqz: ↑

I took the opportunity to get out before the raise on this one guys, while I am not disappointed with this partnership I do get the sense that meaningful revenue is still 12-24months away. With annual net cash flow negative circa $2M and rising, revenue from analytics division has been fairly flat for the last 3 years and there has been no major contract wins this year so far. KOL needs to be paid, more senior leaders on the board and more studies on the horizon for Endo etc - all this means more working capital needed.

No mentions of FDA submission, believe it or not its been 17months since they announced intention to submit FDA approval for IVD and they still have not submitted it, so something doesn't sound right there. Last mentions of FDA were pending ISO completion; which they since confirmed 2 months ago but still not FDA update. US rollout is only for LDT kit - would be interesting to know how many CILA labs SH have in the US.

Great company but when I look at this with macro events and recession predictions in Q4, I would rather take profits now instead of suffer the dilution that is to come. Hope you all understand, I have been a strong supporter of PIQ and will be back after the raise.

Expand

No mentions of FDA submission, believe it or not its been 17months since they announced intention to submit FDA approval for IVD and they still have not submitted it, so something doesn't sound right there. Last mentions of FDA were pending ISO completion; which they since confirmed 2 months ago but still not FDA update. US rollout is only for LDT kit - would be interesting to know how many CILA labs SH have in the US.

From ASX 28 Apr 2022.

Hope this helps?

PIQ Price at posting: 98.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

What's causing the cost-of-living crisis, and how to navigate it

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon