Burn is super low as these guys manage their cash v v well.
With grants incoming and collaborative efforts from partners.
Last year was $2m loss. Year before $3.5m.
So with $21m cash in bank, even if they upped R&D to $5m pa that's 4 years of runway. Pretty Nice.
By that time the Biochip likely will bring in some hefty dollars, and the QC well don't think big, think Very Big and if we aren't at a stupid money valuation in the not so distant, I will be surprised.
Lets see...
Burn is super low as these guys manage their cash v v well.With...
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Last
28.0¢ |
Change
-0.010(3.45%) |
Mkt cap ! $70.08M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 29.5¢ | 27.5¢ | $25.31K | 89.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 12000 | 1 |
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| Last trade - 11.13am 01/08/2025 (20 minute delay) ? |
| AXE (ASX) Chart |