Please also note they are still running both contract manufacturer and the Fremont facility in parallel. In 3-4 months we expect the CM expenses to drop away.
The R&D tax rebate has been significant previously and I would expect it will be once again.
The Quarterly was as expected. Good to get an update on the green VCEL work and also the new products progressing through the pipeline.
I don't expect BLG to talk much about each and every new customer. Getting the first LD sales was newsworthy, now it is just doing business. I do, however, expect them to announce when they get first significant repeat orders.
BLG Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
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