Oof.I know the share price has gone up, but surely one would be hoping for greater non-BARDA revenue growth? Anyone know why the adoption is so low still?
Meanwhile, management is a real concern. Michael Perry's first priority is "higher compensation costs and professional fees" - let's pay ourselves for all the good work. Over past couple of years, the amount of performance rights has been astronomical despite not hitting real milestones. The company needs a shake up to reduce the cash burn, or at least invest it in sales to grow the revenue base.
Mind you, I think that takeover target is probably on the cards. They have $190MC and $90m cash on hand (EV=$100m) with no net debt. But the cash burn over six months of $15.7m is concerning, particularly as they need to keep investing in the R&D to expand the TAM. But no cap raise expected in short term at least.
Oof.I know the share price has gone up, but surely one would be...
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Last
$2.67 |
Change
-0.060(2.20%) |
Mkt cap ! $160.7M | |||
| Open | High | Low | Value | Volume |
| $2.72 | $2.73 | $2.65 | $791.0K | 293.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4333 | $2.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 9529 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.66 |
Change
-0.060 ( 3.24 %) |
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| Open | High | Low | Volume | ||
| $2.71 | $2.73 | $2.65 | 25459 | ||
| Last updated 15.53pm 03/05/2024 ? | |||||
| AVH (ASX) Chart |