Even after cutting annual opex from US$5.2m to $1.9m in the Dec quarter, they are still running at a hefty loss. The Stemkits integration does not appear to have had a meaningful impact on the viability of the business. I have grave fears for this company now and think it will be lucky if it's operating by next Christmas and I mean that with all seriousness. Perhaps Ryan's wife is being frugal now with cash as per her Instagram post as they are preparing for life after RBO?
Ann: Completion of Interim Chairman role and Market Update, page-6
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