Ann: December 2023 Quarterly Activity Report and Appendix 4C, page-4

This is the bit where we watch sales very closely. If we see acceleration then we are good. If not then we may be looking at a modest capital raise.
Based on the number of product launches/approvals, an uptick between H1 and H2 sales last year, and circa 4 million of stuff to make things then I am feeling OK that sales will continue to lift. Not sure what the average margins are. More on strips than readers of course. Margin will lift as more strips are sold to go with readers bought. The wine analyzers will sell more strip per reader now that they have more tests available too.