I'd say everyone's still in shock from the Financial Report......
For all the hype around EpiBlue and its foundry services, and its quest to provide a revenue stream to the company -
"Revenue and other income has decreased by $63,727 to $2,747,336. Material variations in revenue received are as follows: "Revenue for the provision of foundry services to third parties of $424,555 (down 41%) was received for the year compared to $713,826 in the 2018 financial year."
So BLG had more 'Revenue' as a result of their increased R&D tax rebate, than they did from providing that expertise via tangible foundry services to third parties....
Worrying signs.
And so the pressure builds. GLTAH - we need it!
BLG Price at posting:
12.0¢ Sentiment: None Disclosure: Held
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