BUB 1.79% 14.3¢ bubs australia limited

FDA approval won't make a lick of difference if they aren't...

  1. 3,951 Posts.
    lightbulb Created with Sketch. 1740
    FDA approval won't make a lick of difference if they aren't making any profit on the product and revenue growth tapers off.

    The US consumers purchasing the product don't care if it has temporary or permanent FDA approval. I doubt any would be even aware of the distinction.

    Don't get me wrong, it would be a major achievement to obtain the approval and it is not a given. But the reward for doing so is simply that they are able to continue doing business, irrespective of whether that business is profitable or not. The downside is that they will need to spend millions more between now and late 2025 in order to obtain the approval.
 
watchlist Created with Sketch. Add BUB (ASX) to my watchlist
(20min delay)
Last
14.3¢
Change
0.003(1.79%)
Mkt cap ! $124.8M
Open High Low Value Volume
14.0¢ 14.3¢ 14.0¢ $50.31K 359.3K

Buyers (Bids)

No. Vol. Price($)
63 2289350 14.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.5¢ 415079 15
View Market Depth
Last trade - 10.06am 24/05/2024 (20 minute delay) ?
Last
14.3¢
  Change
0.003 ( 0.07 %)
Open High Low Volume
14.3¢ 14.3¢ 14.3¢ 13000
Last updated 10.00am 24/05/2024 ?
BUB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.