They are winding up and building in a few verticals. The wine testing business has only just got the bulk of test types up and running so there is more to grow there. The feedback from customers seems positive though. The device sales are up more then strip sales which would suggest the device sales lead strip sales and there is some lag.
The approvals recently announced are going to take about 6 months to get meaningful sales growth so watch that space but don't hold breath.
HRL is improving quickly which is helpful too. operating Expenses not changed much but overall sales up so tick for that.
Happy to stay invested.
Ann: Q3 2023 Results Presentation - 30 September 2023, page-4
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