LDX share price is revolving in cycles between 7C to 9C, the recent drop to 7.3C and this recovery to 9C, but I reckon, LDX may go for a CR around the same price as before 7C mark as total cash reserve at the end of this quarter will be around 5M ($6.4M from Hologic IP agreement + 1.4M at the end of December). As sell of LDX product has high correlation with seasonality, the revenue from winter months will have sporadic jump and will slow down a bit as we approach towards summer months in US, however ANZ sales may go up as we approach winter months.
A steady revenue will be key here and patience will be required to see much better picture by June financial year result
LDX share price is revolving in cycles between 7C to 9C, the...
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