Any profit imp will just be an accounting illusion imo. The cash at bank will tell the true story. If it has managed to keep growing that will be a positive sign.
The r&d grant if there is one will be in the next half accounts based on the past.
Re spookfish: correct me if I wrong but as long as spook can show they have materially advanced the tech it doesn't matter if the starting point was the same. No patent lawyer but that's what I gleaned from Google.
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Any profit imp will just be an accounting illusion imo. The cash...
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