"The Group has incurred a loss for the year ended 30 June 2018 of $8,323,983 (2017: $14,859,991), attributed by share based payments expense of $2,202,433 (2017: $11,443,599) and cash outflows from operating and investing activities of $14,658,571 (2017: $8,205,461). As at 30 June 2018, the Group has a cash at bank balance of $8,888,289 (2017: $9,939,636) and a positive working capital position of $8,375,416 (2017: $9,671,144). The Group is required to meet contractual commitments of approximately AUD$31 million over the next 12 months, as disclosed in Note 18 to the financial report. The ability of the Group to meet these contractual commitments, and therefore continue as a going concern, is dependent upon the ability of the Group to raise additional funds. These conditions indicate a material uncertainty that may cast significant doubt about the Group’s ability to continue as a going concern."
SAS Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
