The best quarterly since covid took the wind out of our sails - there is a lot to like in this:
- nice jump in cash receipts while US accounts and sales per account was a little down - are we seeing the positive impact of sales outside of the US now? Really important we see traction outside of the US.
- Price rise in place going forward - from the broker report released a couple of months ago, we seem to have a lot of room here with Coopervision being much more expensive from memory
- Cash use, taking out inventory build-up, is going down - excellent. Plus freight cost control in place going forward
- Like the decision to delay any CEO appointment - great to see the board is being careful with our cash, and we just need to grind out our strategy
- Fully randomised clinical trial underway - not much danger here given the effect size seen in the longitudinal study already out there.
- Re-affirmed cash is sufficient to reach approx. breakeven.
Would have liked some specifics on international sales, and an update on the toric lense, but overall very pleasing.
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