PYC 7.69% 12.0¢ pyc therapeutics limited

Very good report! This quarter is even cash positive with an...

  1. 207 Posts.
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    Very good report! This quarter is even cash positive with an inflow of $109K instead of outflow of $2M.

    PYC now has $29.445M in the bank and estimated outflow for next quarter is $2.483M; the runway is now extended to nearly 3 years at the current rate. As research activities ramp up in the next 12 months, outflow would no doubt increase. But it is in a very strong and comfortable financial position.

    https://hotcopper.com.au/data/attachments/1956/1956829-456b1f716802d89784d7547587fb4350.jpg
    https://hotcopper.com.au/data/attachments/1956/1956857-269e968bba29f937d9b5f837e3be2eb8.jpg
 
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