Ugly. Disappointing.
TBH I had discounted NanoDX 6 months ago, but recently had my faith restored that it may actually be happening.
I had settled on a 1M share investment on AbioMed, the LifeScan CGM , a strong looking order book and a company that was approaching cash positive.
However, based on NanoDX had increased to closer to 2M ( bugger ! ), have now reduced my position to closer to the original holding, which I am comfortable with for a business that is turning the corner WITHOUT NanoDX. Having said that, the quarterly better be a ripper !
IMO.
GLTAH
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Ann: Customer update (NanoDX), page-36
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