With the Quarterly due in the next few weeks, I'm excited to hear of the sales progress made with Promega in the Qtr.
I have had a look back through some past announcements for any hints, and here is my take.
Cash on hand post raise - $14,489,000 (SPP announcement)
less amount raised - ($9,379,000) (SPP announcement)
Cash on hand immediately prior to raise - $5,110,000 (Estimate)
Based on a cash on hand figure at 31st March 24 of $4,510,000 (March Qtr. Announcement), it looks as though IIQ have increased their cash on hand position by $600K for the Qtr (ex raised funds).
If we assume an R&D tax incentive refund similar to last year ($582,000), there is a real possibility that sales are now equal to expenses for the Qtr, with no cash burn.
Potentially a substantial increase in sales volume when compared with the March Qtr incoming, time will tell...
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Last
56.5¢ |
Change
-0.010(1.74%) |
Mkt cap ! $62.30M |
Open | High | Low | Value | Volume |
56.5¢ | 56.5¢ | 56.5¢ | $538 | 953 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 57.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.0¢ | 43187 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 15447 | 0.565 |
3 | 49035 | 0.560 |
3 | 6000 | 0.555 |
4 | 118784 | 0.550 |
3 | 18126 | 0.540 |
Price($) | Vol. | No. |
---|---|---|
0.580 | 43187 | 2 |
0.585 | 792 | 1 |
0.590 | 1007 | 1 |
0.600 | 19950 | 6 |
0.610 | 12000 | 2 |
Last trade - 13.17pm 16/07/2024 (20 minute delay) ? |
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