Key factors and update to below thanks to half yearly report
Some certainties in August:
- Half Year Report - Revenue will be? - A substantial increase of 5629% resulting from license revenues reported in the current period. This is broken down into Product Revenue, License Revenue and Development Service Revenue.
- Production of chips as stated - everyone knows this, won't be expecting a huge increase in SP at this time but perhaps a swing in momentum. - No update, we no chips are with BRN for testing and an announcement is expected when sent(IF testing passed). Expect mid September.
- CEO progress - this will need to be covered in the half year report to some extent, will be bemused if it isn't. - The search for a new CEO has
progressed and a shortlist of candidates is being interviewed and vetted as part of the due diligence process. Late September/early October is my view on this for confirmation.
SP catalyst:
- Significant increase in revenue as shown in the half yearly. - Nice to see some cash coming in but still pretty insignificant, however wheels are turning..
- Anything left of field, more specifically contracts or the CEO confirmation(not expecting this for quite sometime). - Late November or December at a hugely optimistic approach, but could possibly be another 6 months away.
- Nanose update...? - I believe this is out of our hands for the time being.
We remain in a strong cash position. Cheers all.
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