PIQ proteomics international laboratories ltd

Ann: Annual Report to shareholders, page-5

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    Very Solid small company,


    The Group's financial report for the year ended 30 June 2018 includes:


    • Operating revenue from services continued its upward trend reaching $1,176,457, a 27% increase compared tothe previous year.


    • Combined income from all sources rose 16% to $2.15 million. Revenue from ordinary activities encapsulatesincome from the Company's analytical services, licensing fees, and grant income including the R&D TaxIncentive.


    • Operational expenditure totalled $3.59 million, an increase of 29% in-line with budget, and reflecting anincrease in activity in the commercialisation of PromarkerD and the launch of new analytical services.


    • The loss from ordinary activities is $1.44million, which represents a year on year increase of 57%.


    • At 30 June 2018 the Company had cash reserves of $2.5 million. On the back of the Company's research anddevelopment focus it anticipates an R&D Tax Incentive cash rebate of $844,123, to be received in the Decemberquarter. 


 
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