well the simple truth is - it is difficult to sell and displace exisiting methods. Even if the products are sound and better, re-educating surgeons take years and years. And then there is the fact that the time period to see product effectiveness takes a good 18 - 24 months. So from early orders to seeing benefit to re-orders takes a good 2 - 3 years.
More staff means more cash burn, they need to manage with exisiting strength for now. Different conversation once they reach break even.
I like many here am frustrated too, but this is the reality of the challenging biotech sector.
well the simple truth is - it is difficult to sell and displace...
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Last
7.2¢ |
Change
-0.005(6.49%) |
Mkt cap ! $7.845M | |||
| Open | High | Low | Value | Volume |
| 8.2¢ | 9.8¢ | 6.8¢ | $1.559M | 19.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36546 | 7.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.3¢ | 83000 | 1 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
7.1¢ |
Change
-0.005 ( 6.46 %) |
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| Open | High | Low | Volume | ||
| 8.1¢ | 9.8¢ | 6.8¢ | 5273787 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| OSX (ASX) Chart |