A bit of irony here .... one of our customers got EUA for treating certain Covid19 patients last week using a product with our sensor in it. Liked by Tim Stucchi
I have picked this thread to post this for a reason. The annual report looked good, WITHOUT NanoDX.
There was no commentary on NanoDX in the annual report. I wrote the following comment
Remembering this commentary ( other than outlook paragraph above ) is about the financial year gone. I'm assuming any sales to NanoDX in the last financial year were immaterial and would be referred to as R&D income. Two customers were above 10%, AbioMed and Nova Biomedical. The good news is Nova Biomedical are progressing well .... that's about 250,000 sensors ( $1.50 ea ), well past prototype stage! And we have been told, ramping to material volume in the first quarter this financial year ... the first quarterly is looking like a ripper.
(i) Information about major customers The Group had the following major customers with revenues amounting to 10 percent or more of total group revenues: Consolidated 2021 US$ Customer A (MicroDevices) $1,933,792 Customer B (MicroDevices) $369,000
If this business can get to breakeven on AbioMed and Nova BioMedical, then it creates a platform from which it can rise from the ashes. A company worth more than $8M MC. I'll hold the shares I have left until the quarterly ... and the re-assess.
GLTAH
SE1 Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held