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Ann: MDR undertakes strategic review, page-4

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    YTD Mar23 revenues of $81m so only ~$14-16m in revenues in 4Q23 which means US was pretty weak (if we assume Aus brought in ~5m).

    The positive is that they have cut out costs (I'm hoping a bit more than $2m in the US as costs have increased significantly post Guildlink), and that pipeline in healthier than last year given what they did in 1H23......I'm hoping that vaccine awareness program which seemed to help revenues in 1H23 can be made up with their rollout of more pharmacies.

    20m in cash at the end of Mar23.......with revenues pretty muted in 4Q23 I'm hoping they have enough cash in the tank before the cahflow starts up again in 1Q24.

 
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