I would have to go back in history , but up to and incl 2022 TLX revenue was principally grants and R&D reimbursements
SP had a significant step change in 2020 after China Grand made a significant investment for ( I recall ) 15% of the company. At that time we were facing inevitable CR's to fund more research.
TLX also had a growing and significant pipeline of products . At this time only 1 has reached the market in 2023. I honestly dont see much likeness to TLX but of course I do hope I am wrong
Ann: Letter to Short Dated Option Holders, page-13
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